The Tax Cut of 2001
A. permanently eliminated the inheritance tax.
B. lowered the minimum marginal tax rate from 15 percent to 10 percent.
C. will lower the top marginal tax rate to 23 percent by the end of the decade.
D. expires in 2006.
B. lowered the minimum marginal tax rate from 15 percent to 10 percent.
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If the government passed a law designating sea shells as money, sea shells
a. would not be legal tender b. would not function as money because they would be unable to serve as a unit of account c. would not function as money because they would be unable to serve as a means of payment d. would not function as money because they would be unable to serve as a store of wealth e. would function as money as long as they were accepted in exchange for goods and services
When the Fed reduces the discount rate, this sends a signal to banks that the Fed wants:
A. the money supply to contract. B. to reduce the reserve requirement. C. the money supply to expand. D. the federal funds rate to increase.