The federal government's abilities to tax during war- and peace-times are constrained by

(a) the need to be re-elected by the voting population.
(b) the interests of the non-voting population.
(c) the U.S. Constitution.
(d) the protected rights of state and local governments to tax.

(a)

Economics

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It is estimated that if the inflation rate is lowered from 3 percent a year to 0 percent a year, the growth rate of real GDP will rise by ________ percentage points a year

A) 2.3 B) 3.2 C) 1 to 3 D) 0.06 to 0.09 E) 0

Economics

Consider a country that produces only two goods: parrots and iguanas. Suppose it is impossible for this country to increase its production of parrots without producing fewer iguanas. In this case, its current output combination is efficient

Indicate whether the statement is true or false

Economics