U.S. tax laws allow taxpayers, in computing the amount of tax they owe, to use the real value, as opposed to the nominal value, of
a. both interest income and capital gains.
b. interest income but not capital gains.
c. capital gains but not interest income.
d. neither interest income nor capital gains.
d
Economics
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In the current period a perceived increase in the real wage, will cause households to:
a. work more. b. consume less leisure. c. consume more goods. d. all of the above.
Economics
A leftward shift in the aggregate supply curve generates a ________ inflation and ________ output.
A. cost-push; higher B. cost-push; lower C. demand-pull; lower D. demand-pull; higher
Economics