When real Gross Domestic Product (GDP) falls, which of the following will automatically occur?
A) an increase in income tax revenues
B) a decrease in all tax rates
C) a decrease in unemployment compensation expenditures
D) a decrease in income tax revenues
D
Economics
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A European option differs from an American option in that it may be exercised
A) only on the spot date. B) only on the expiration date. C) only on the future date. D) on any date.
Economics
Which of the following is a possible impetus for a banking panic?
a. An individual bank fails. b. A large, very important bank fails. c. Congress increases the amount of demand deposits that are protected by insurance. d. Banking rules change to make it harder for banks to make bad loans. e. Changes in the discount rate.
Economics