The difference in the marginal tax rate paid by the highest earners and the lowest earners in 2018 was ______ percent.

Refer to Figure 23-1. At point J in the figure above, which of the following is true?

A) The economy has achieved macroeconomic equilibrium. B) Actual inventories are less than planned inventories. C) GDP will be decreasing. D) Aggregate expenditure is less than GDP.

The action time lag is the time period that elapses

A) between when an economic problem manifests itself and it is officially acknowledged. B) between the recognition of an economic problem and implementing policies to solve it. C) between implementing policies to solve an economic problem and when the results of that policy can be measured. D) between the beginning of the budgetary process and the final budget resolution.