The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

A. Indirect taxes
B. Direct taxes
C. Inelastic
D. Value-added tax

During Stagflation ?

I- An increase in aggregate spending will eliminate the recession
Ii- a decrease in aggregate spending will reduce inflation
Iii- government faces contradictory goals
Iv- the central bank decease money supply to reduce inflation

With _______ prices rise in the first sector, remain the same in the second and increase overall?

A. Ratchet inflation
B. Inflationary expectations
C. Import substitution
D. Demand pull inflation

Demand pull inflation result from ?

A. Demand for government spending on public goods goes due to lack of financial backup through tax collection
B. Consumer business and government demand for goods and services in excess of an economy’s capacity to produce
C. A shortage of demand for goods and services in excess of supply during depression
D. Demand for public goods is greater than demand for consumer goods

If people with higher incomes pay a higher percentage of income in taxes, the income tax structure is ?

A. Progressive
B. Regressive
C. Value added taxes (vat)
D. Excise taxes

fiscal incentives to attract businesses from abroad include ?

I- Tax holidays
Ii- accelerated depreciation
Iii- import duty relief
Iv- lower tax rates for reinvested business profits

Inflation is measured by the ?

I- Consumer price index (cpi)
Ii- gdp deflator
Iii- current account
Iv- depreciation

If the central bank buys financial securities in the open market to increase the monetary base, this is and example of ?

A. Lender of less resort
B. Financial intermediation
C. Open market operations
D. Financial regulation

Central banks prefer to fix the ____ and accept the resulting _____?

A. Demand for money, interest rate
B. Interest rate equilibrium money supply
C. Demand for money equilibrium money supply
D. Interest rate, demand for money

A reduction in interest rates, causes an increases in the monetary base that results in an _________ in the availability of consumer credit and a ________ in the cost of consumer credit?

A. Reduction, increase
B. Reduction, reduction
C. Increase, reduction
D. Increase , increase