The tax rate structure is the
A. measure of who pays the tax.
B. study of how taxes change over time.
C. measure or value upon which a tax is levied.
D. percentage of a tax base that must be paid in taxes.
Answer: D
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The two main characteristics of the production function are
A) it slopes downward from left to right, and the slope becomes flatter as the input increases. B) it slopes upward from left to right, and the slope becomes steeper as the input increases. C) it slopes upward from left to right, and the slope becomes flatter as the input increases. D) it slopes downward from left to right, and the slope becomes steeper as the input increases.
The fact that the long-run Phillips curve is vertical implies that
A) monetary policy can't affect unemployment. B) money is neutral in the long run. C) there is a natural rate of inflation. D) money can't affect inflation in the long run.