Revenue sharing is usually a means of
a. making states transfer money to the federal government.
b. equalizing expenditures per pupil made by school districts.
c. splitting the revenue earned from excise taxes between states and the federal government.
d. making grants to state and local governments.
d
Economics
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The consumption function describes the relationship between
A) investment and interest rates. B) consumer spending and income. C) consumers and firms. D) prices and demand.
Economics
Suppose the real money demand function is Md/P = 2400 + 0.2Y - 10,000 (r + ?e). Assume M = 5000, P = 2.0, and ?e = .03. If Y were to increase from 4000 to 5000, then the real interest rate would increase by how many percentage points?
A) 2 B) 4 C) 5 D) 7
Economics