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Author Question: The Keynesian-cross model implies that changes in aggregate supply cause fluctuations in real GDP. ... (Read 78 times)

lidoalex

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on: Jun 30, 2018
The Keynesian-cross model implies that changes in aggregate supply cause fluctuations in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Under a _____ structure, the marginal income tax rate rises and the average tax rate decreases as personal income falls.
 a. value added tax
  b. sin tax
  c. progressive tax
  d. regressive tax
  e. lumpsum tax


janeli

  • Sr. Member
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  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


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