When RBC economists work out a detailed numerical example of a more general theory, they are performing
A) econometrics.
B) number theory.
C) calibration.
D) topology.
C
Economics
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Tax collected based on a taxpayer's spending is known as: a. excise tax
b. consumption tax. c. gift tax. d. income tax.
Economics
A renewable resource:
A. can be replenished naturally over time. B. is used to regenerate an old piece of capital. C. is used when adopting new technology, and replacing old capital. D. cannot be replenished naturally over time.
Economics