Which of the following is true of individual income taxes?
A) Individual income taxes are only collected by the federal government.
B) Individual income taxes are only collected by the state governments.
C) All states in the U.S. collect individual income taxes.
D) The rate of income tax imposed by states in the U.S. varies.
D
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In the Keynesian cross diagram, an increase in autonomous consumer expenditure causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to rise, and the IS curve to shift to the ________,
everything else held constant. A) up; left B) up; right C) down; left D) down; right
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. closed circuit TVs throughout a warehouse c. GPS tracking devices in repair trucks d. requiring physicians to be 'board certified'