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:

External Behavior

Refers to actions and reactions that occur outside of an individual, observable to others.

Governmental Regulations

Laws and rules established by government bodies to dictate conduct or provide guidelines within certain industries or spheres of activity.

Task-oriented Behavior

A leadership style that focuses primarily on the tasks that need to be performed in order to achieve certain goals.

Role Clarity

The extent to which employees have a clear understanding of their job duties, responsibilities, and expectations.