Income tax collections:
a. fall during periods of prosperity, thus increase federal budget deficits.
b. rise during periods of prosperity, thus reduce federal budget deficits.
c. fall during recessions, thus increase the problem of unemployment.
d. rise during recessions, thus increase the problem of unemployment.
b
Economics
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When a group of countries agree to share a common currency, they are said to have formed a
A) currency union. B) welfare state. C) monetary alliance. D) monetary cartel.
Economics
A game in which the players explicitly coordinate their decisions to make themselves better off is a
A) cooperative game. B) noncooperative game. C) zero-sum game. D) negative-sum game.
Economics