Which of the following statements is true?
A. The capital-gains tax rate was nearly 40 percent during 2003-2012 in the U.S.
B. The capital-gains tax rate reached its all-time low during the 1970s in the U.S.
C. The incomes of the top 1 percent were likely overstated in early 2000s in the U.S.
D. The capital-gains tax rate reached its all-time low during 2003-2012 in the U.S.
Answer: D
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In an economy, investment is most likely to be dependent on:
A) the short-run real interest rate. B) the long-run real interest rate. C) the long-run nominal interest rate. D) the short-run nominal interest rate.
A graph shows that as fees to use ATM machines increase, people use them less frequently. The graph of this relationship would show
A) an inverse relationship. B) a negative relationship. C) a direct relationship. D) Both answers A and B are correct.