The Bush tax cuts of 2001-2010 increased education incentives, and as a result,
A. New vertical inequities were introduced into the tax system.
B. The difference between gross incomes and taxable incomes became smaller.
C. College enrollments were expected to increase significantly.
D. Low-income households benefited more than all other households.
Answer: A
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In the extended classical model, an anticipated decrease in the money supply would cause output to ________ and the price level to ________ in the short run
A) increase; decrease B) increase; remain unchanged C) remain unchanged; increase D) remain unchanged; decrease
Which of the following cultural events likely increased the demand for the associated product?
A) the banning of cigarette advertising on television B) the inclusion of Reese's Pieces in the movie E.T. C) increased environmental awareness about the impacts of sport utility vehicles (SUVs) D) concerns over "Mad Cow" disease in beef