If personal income tax rates are decreased in an attempt to stimulate spending, we should expect to see
a. an increase in consumption and an increase in GDP.
b. an increase in consumption and a decrease in GDP.
c. a decrease in consumption and a decrease in GDP.
d. a decrease in consumption and an increase in GDP.
a
Economics
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Which of the following correctly explains the role of the government in a free market?
A) The government acts as a referee by enforcing contracts and preventing stealing. B) The government sets prices according to the relative value of each good. C) The government allocates goods to those buyers who value the goods the most. D) The government sets production quotas for sellers in the market.
Economics
Capital gains are the profit earned from the sale of
A) stocks. B) real estate. C) bonds. D) all of the above.
Economics