In the United States, the top 1% of income earners face an average federal tax rate of ________ and contribute ________ of all federal tax dollars received

While much of New Classical macroeconomics is being refuted by the evidence, at least one part of it may be a permanent legacy to all macroeconomists: the assumption of

A) continuous clearing of all markets. B) rational expectations. C) the unimportance of nominal variables. D) supply shocks as the main cause of business cycles.

In finance, risk is most commonly measured by

A) the probability distribution. B) the standard deviation. C) the average deviation. D) the square root of the standard deviation.