Sales taxes are regressive
Indicate whether the statement is true or false
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An example of a discretionary fiscal stimulus policy is
A) decreasing government expenditure. B) the automatic increase in needs-tested spending during a recession. C) decreasing needs-tested spending. D) cutting taxes. E) induced taxes.
In the public choice (or new political economy) approach to development the emphasis is on
a. growth in the rural sector. b. the self-interested behavior of public officials. c. the dependence of LDCs on former colonial powers. d. the inherent efficiency of developing country markets.
A decrease in discrimination against women after the 1970s led most directly to ________
A) an increase in labor demand B) a decrease in labor demand C) a decrease in education D) a decrease in labor supply
The classical model predicts that, in the short-run, a tax cut financed by an increase in the money supply would
a. leave output and the price level unchanged. b. increase the price level but leave output unchanged. c. increase output but and reduce the price level. d. increase output and the price level by increasing aggregate demand. e. None of the above.