A personal exemption refers to

A) an amount representing basic living expenses that can be subtracted from income.
B) the tax bracket that represents basic living expenses.
C) the tax rate that applies to a particular tax bracket.
D) a dispensation that allows certain qualifying individuals not to pay federal taxes.

A

Economics

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Central banks intervene directly in foreign exchange markets by buying and selling ________

A) exports and imports B) foreign currencies C) U.S. government debt D) discount loans

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Which of the following will lead to a decrease in aggregate demand in the United States?

a. a higher price level b. a decrease in the real interest rate c. rapid growth in real income in Japan and Western Europe d. an increase in the exchange rate value of the dollar

Economics