In an Effort to Increase Government Revenue,Congress and the President

question 11

Multiple Choice

In an effort to increase government revenue,Congress and the president decide to increase the corporate profits tax.The likely result will be

• A) the supply curve for bonds shifts to the left.
• B) the demand curve for bonds shifts to the left.
• C) the equilibrium interest rate rises.
• D) the equilibrium price of bonds falls.

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Definitions:

Bender-Gestalt Test

A psychological assessment used to evaluate visual-motor functioning and neurological impairments by having subjects draw certain figures.

Mental Retardation

An outdated term previously used to describe a condition of below-average cognitive ability present from birth or early infancy, now more commonly referred to as intellectual disability.

Brain Damage

A condition where the brain's structure and functionality are impaired due to injury or disease.

Evoked Potentials

Measurable electrical patterns produced by the nervous system in response to specific stimuli, used to assess sensory, cognitive, and motor functions.