Author Question: The salary of the president of the United States in 2000 was 400,000 . In 1940, the president's ... (Read 116 times)

dollx · **on:** Jun 30, 2018

The salary of the president of the United States in 2000 was 400,000 . In 1940, the president's salary was 75,000 . If the Consumer Price Index was 8.1 in 1940 and 100 in 2000 . the 1940 presidential salary measured in terms of the purchasing power of the dollar in 2000 would be:
a. less than 75,000.
b. less than 400,000.
c. approximately 668,850.
d. approximately 926,000.

Question 2

Supply-siders' policy recommendations include:
a. lower tax rates, spending cuts, and increased government regulation.
b. lower tax rates, lower resource prices, and decreased government regulation.
c. lower tax rates, spending increases, and decreased government regulation.
d. lower tax rates, spending increases, and increased government regulation.
e. higher tax rates, spending cuts, and decreased government regulation.