A(n) _____ is an indirect tax imposed on each sale at each stage of production
a. personal tax
b. value-added tax
c. excise duty
d. sales tax
e. ad-valorem tax
b
Economics
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The Fisher equation implies ________
A) the nominal interest rate equals the real rate of inflation plus expected inflation B) the real interest rate equals expected inflation C) expected inflation equals current inflation D) the rate of inflation equals the real minus the nominal rates of interest E) none of the above
Economics
Which of the following would NOT be official reserves for Germany?
A) U.S. dollars B) the official currency of Germany C) gold D) SDRs
Economics