The income—expenditure identity says that
A) Y = C + S + T.
B) Y = C + I + G.
C) Y = C + I + G + NX.
D) Y = C + I + G + NX + CA.
C
Economics
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The instructions and rules for the alternative minimum tax are generally
A. far easier to understand than the instruction and rules for the 1040. B. no more or less difficult to understand than the instructions and rules for the 1040. C. far easier to understand than the instruction and rules for the 1040EZ. D. much more complicated than the instructions and rules for the 1040.
Economics
In the Keynesian model, suppose the Fed sets a target for the money supply. If the IS curve shifts to the left, and the Fed wants to keep output unchanged, what should the Fed do?
A. Reduce taxes. B. Increase taxes. C. Reduce the money supply. D. Increase the money supply.
Economics