The formula for the tax multiplier is
A) (1 + b) / (1 - b). B) 1 / (1 - b). C) -b / (1 - b). D) b / (1 - b).
C
Economics
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The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will
A) increase federal government spending by about $2 trillion over 10 years. B) cost the government significantly more than the additional taxes and fees enacted under the law will bring in. C) actually reduce government spending over a 20 year period. D) eliminate the budget deficit within 10 years.
Economics
________ was introduced in October 2008 to clean up banks
A) Liquidity facilities B) Wholesale funding C) TARP D) Fire sale
Economics