Which of the following is a normative statement?
a. The deduction for state taxes cost the federal government $100 billion per year.
b. Taxpayers in North Carolina pay state taxes which are above the national average.
c. Twenty-two states use a lottery to raise state taxes.
d. Congress is considering the president's tax plan to increase taxes which is a fair plan.
d
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If growth in the United States speeds up so that investors believe they can make a bigger profit from U.S. assets, the ________ U.S. dollars will ________
A) demand for; increase B) demand for; decrease C) supply of; increase D) supply of; decrease
In real business cycle models, business cycles are caused by ______, while in new Keynesian model, business cycles are caused by ________
a. aggregate demand; aggregate demand b. aggregate demand; aggregate supply. c. aggregate supply; aggregate demand. d. fiscal policy; monetary policy