Author Question: Refer to Table 18-5. The tax system is A) progressive throughout all levels of income. B) ... (Read 73 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
Refer to Table 18-5. The tax system is
 
  A) progressive throughout all levels of income.
  B) regressive between 20,000 and 25,000 of income and progressive between 32,000 and 42,000.
  C) regressive throughout all levels of income.
  D) proportional throughout all levels of income.

Question 2

Deflation will
 
  A) increase the quantity of real GDP demanded. B) decrease aggregate demand.
  C) increase aggregate demand. D) decrease the quantity of real GDP demanded.



katheyjon

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library