Suppose the federal government implemented a flat tax to replace the income tax, and the flat tax saved taxpayers a total of $5 billion. A tax change such as this could be viewed as an example of the federal government implementing

A) contractionary monetary policy. B) contractionary fiscal policy.
C) expansionary monetary policy. D) expansionary fiscal policy.

Economics

Over the past 100 years, real GDP per person in the United States has grown at an average of ________ percent a year

A) 1 B) 2 C) 3 D) 4

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Economics

If TR > TC, the firm should produce more of whatever it is producing

Indicate whether the statement is true or false

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Economics