Everything else held constant, if income tax rates were lowered, then
A) the interest rate on municipal bonds would fall.
B) the interest rate on Treasury bonds would rise.
C) the interest rate on municipal bonds would rise.
D) the price of Treasury bonds would fall.
C
Economics
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A) Milton Friedman and Robert Lucas. B) Milton Friedman and Anna Schwartz. C) Thomas Cooley and Gary Hansen. D) Finn Kydland and Edward Prescott.
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Average cost equals total cost multiplied by the number of units of output
a. True b. False Indicate whether the statement is true or false
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