On the graph above, unplanned inventory investment occurs if the economy is moving from point ________ to point ________
A) D; C
B) C; B
C) B; A
D) all of the above
E) none of the above
D
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Mr. Thomson has a before-tax income of $20,000 and paid taxes of $2,000 . Ms. Lynch had a before-tax income of $10,000 and paid taxes of $1,500 . Based on this information, which of the following is correct?
a. The tax system is progressive. b. The tax system is proportional. c. The tax system is regressive. d. The tax system is based on the benefits received. e. There is insufficient information to answer the question.
Consider an economy that is in short-run equilibrium with unemployment below the natural rate. According to the passive approach, low unemployment will eventually cause wages to fall, lowering the firms' cost of doing business
Indicate whether the statement is true or false