One criticism of the corporate income tax is that
A) it is too regressive.
B) it is too flat.
C) it is so complex to administer that corporate income taxes are rarely collected by the Internal Revenue Service.
D) a portion of the corporations' tax burden is passed on to consumers via higher prices for goods and services and to workers via lower wages.
D
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Which of the following is NOT an event that causes BOTH the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve to shift?
A) a change in an economy's endowments of the factors of production B) a change in an economy's labor supply C) a temporary change in the price of a key input D) technological changes
Which of the following statements is FALSE?
A) Both monetary and interest rate targets cannot be pursued simultaneously. B) A reduction in the required reserve ratio increases the money supply and pushes down the equilibrium interest rate. C) An open market purchase reduces the money supply and pushes down the equilibrium interest rate. D) An open market sale decreases the money supply and pushes up the equilibrium interest rate.