According to Ricardian Equivalence, consumers may not respond to a tax cut ________
A) if that tax cut is directed solely at upper income groups
B) if that tax cut is directed solely at lower income groups
C) since they understand a tax cut today will lead to a tax increase in the future
D) if they lack patriotic fervor
C
Economics
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Which of the following are complementary resources?
a. margarine and butter used in baking b. sugar and honey used in cereals c. a teacher and a chalkboard d. rye and wheat bread used in a sandwich shop e. a typewriter and a personal computer used in an office
Economics
If a bank gets a $100,000 new deposit, chooses to lend out $85,000, and increases its excess reserves by $5,000 at the same time, then the reserve requirement is: a. 10%
b. 15%. c. 20%. d. unable to be determined from the information given.
Economics