The gross estate is
A. very disgusting.
B. all property owned by decedent at time of death.
C. general property that is held in a trust.
D. being phased out of current tax law.
B. all property owned by decedent at time of death.
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The Social Security program is ________ in that it redistributes income from ________
A) progressive; low earners to high earners B) regressive; low earners to high earners C) progressive; high earners to low earners D) regressive; high earners to low earners
Milton Friedman and Edmund Phelps contributed which insight(s) to Phillips curve analysis?
A) that inflation is directly related to expectations of future inflation B) that inflation is negatively related to the unemployment gap C) that in the long run unemployment will be at the natural rate D) all of the above E) none of the above