The United States has more income inequality than Japan, Germany, and France
a. True
b. False
Indicate whether the statement is true or false
True
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A substantial increase in marginal tax rates will most likely encourage individuals to choose: a. to work more overtime
b. to invest more. c. to spend more of their scarce resources looking for tax shelters. d. none of the above.
A reserve requirement of 10 percent means a money multiplier of: a. 1
b. 9. c. 10. d. 11.1.
Empirical research suggests that the steepness of the aggregate supply curve depends on the
a. size of the multiplier. b. interest rate. c. level of wage rate. d. amount of excess capacity in the economy.
The marginal cost to society of reducing pollution increases with the increased use of pollution abatement because
A) of the diminishing marginal utility of abatement. B) of the reduced demand for abatement. C) of the diminishing returns from abatement. D) of the high cost of abatement.