Double taxation means that both
a. wage income and interest income are taxed, which is currently the case in the United States.
b. wage income and interest income are taxed, which is not currently the case in the United States.
c. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States.
d. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.
c
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Your textbook authors argue that, other things constant, entrepreneurs respond to a fall in interest rates by
A) paying less attention to long term profitability. B) engaging in irrational business behavior. C) investing in capital goods. D) making all of the above choices.
Which of the following events prompted the birth of market monetarism?
A) the Great Depression B) the Great Recession C) the 1907 Bankers' Panic D) the establishment of the European Union