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Determine the principle of equity
The principle of equity is that a tax must be fair and the tax is levied on those with the ability to pay tax.
The principle of efficiency is that tax must be easy to collect and that government must not have to spend a disproportionate amount of money enforcing the collection of tax.
Aggregate Supply in the Short Run Production takes place in business sector on the basis of an expected price for its output. However, costs are incurred in anticipation of sa
what is fiscal policy?
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State the term National income statistics National income statistics underestimate the true level of economic activity, and as people's living standards, because the non-moneti
What is Money supply The monetary base is only a small part of the total money supply but, through the multiplier effect, the central bank's control over the money supply is ma
To determine whether high blood pressure affected whether a person had a stroke, a sample of 129 people who had had strokes are examined. In the sample, 39% had high blood pressure
One of our clients is a major homebuilder in the Midwest. This company believes that sales of their new homes are highly correlated with business cycles in the overall US economy.
Q. Describe Nominal and real interest rates? To distinguish real interest rate from the ‘normal' interest rate, latter is termed as the nominal interest rate. Nominal interest
What are forms of price floors to lead inefficiency? Price floors frequently lead to ineffectiveness in the forms of: a. Inefficient allocation of sales in between sellers
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