Negative income taxes have been a feature of our tax system since President Lyndon Johnson's "war on poverty" in the 1960s

Which of the following is a limitation of discretionary fiscal policy?

i. law-making lags ii. estimating potential GDP iii. income gap A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii

If the population of a country is 1,000,000 people, its labor force consists of 600,000, and 60,000 people are unemployed, the unemployment rate is:

A. 6.0 percent. B. 6.6 percent. C. 10.0 percent. D. 60.0 percent.