Based on the table for the federal tax burden, which group of earners pays about one-quarter of total federal taxes?

Which of the following pairs of policies have inconsistent effects on aggregate demand? a. A tax increase and an increase in the money supply

b. A transfer payment increase and an increase in the money supply. c. A reduction in government purchases and a reduction of the money supply. d. none of the above

Terrell, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is

a. counted as part of the labor force. b. considered frictionally unemployed. c. an underemployed worker. d. not counted as part of the labor force. e. considered as productively active.