For 2017,unearned Income in Excess of $2,100 of a Child

question 107

True/False

For 2017,unearned income in excess of $2,100 of a child under age 18 is generally taxed at the parents' rate.

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Definitions:

Keynes

Refers to John Maynard Keynes, a British economist whose theories on government economic intervention to mitigate the adverse effects of recessions and depressions significantly influenced modern macroeconomics.

Aggregate Demand

The entire market demand for goods and services in an economic setting, priced collectively at a given level during a specified period.

Aggregate Supply

The aggregate amount of commodities and services scheduled for sale by businesses within a national economic framework during a designated timeframe.

Aggregate Demand Curve

A graphical representation showing the total amount of goods and services demanded across all levels of an economy at various price levels.