If an economy produces 3,000 units of output with a price level of $2 and the money supply (M) is $2,000, velocity is:

Recall the Application. One difference between a value-added tax and an income tax is the value-added tax

A) is a progressive tax. B) is not a consumption tax. C) does not penalize individuals who save. D) is difficult to collect.

A ________ is a congressional agreement about total outlays, spending by major category, and expected revenues, that guides spending and revenue decisions by the many congressional committees and subcommittees

a. continuing resolution b. budget resolution c. disclaimer vote d. filibuster