If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?

The federal income tax is an example of a

a. progressive tax. b. regressive tax. c. proportional tax. d. value-added tax.

According to supply-side theorists, a decrease in marginal tax rates will provide the incentive to

A. Invest less. B. Reduce regulation. C. Work less. D. Produce more.