Policies adopted by the Truman administration effectively avoided inflation during the Korean War. These policies included:
a. increased personal and corporate tax rates.
b. price and wage controls.
c. reduced purchases of government debt by the Federal Reserve.
d. discontinuance of the practice of "pegging" interest rates.
e. All of the above.
e. All of the above.
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The four federal taxes that together accounted for 88 percent of all federal government tax receipts in 2013 were:
A) individual income tax, corporate income tax, property tax, and sales tax. B) corporate income tax, national consumption tax, estate tax, and social security tax. C) individual income tax, social security tax, corporate income tax, and Medicare tax. D) social security tax, Medicare tax, estate tax, and corporate income tax. E) none of the above
Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. The socially optimal level of output is ________ units per day.
A. G B. F C. H D. I