One advantage of a negative income tax is _____
a. it minimizes the deadweight loss from taxation
b. leisure becomes an inferior good
c. it is identical to an in-kind payment in terms of utility
d. it is easy to administer
d
Economics
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Keynes argued that when interest rates were low relative to some normal value, people would expect bond prices to ________ so the quantity of money demanded would ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics
Which of the following is a coupon bond?
A) a U.S. savings bond B) a U.S. Treasury bill C) a U.S. Treasury note or bond D) a zero-coupon bond
Economics