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Author Question: The role of the progressive tax system as an autonomous fiscal stabilizer requires that the budget ... (Read 69 times)

Deast7027

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on: Jun 30, 2018
The role of the progressive tax system as an autonomous fiscal stabilizer requires that the budget
 
  a. should require actual deficits be equal to zero on average.
  b. should go into a surplus at appropriate points in the business cycle.
  c. cannot have a structural deficit component.
  d. Both a and b
  e. None of the above

Question 2

Assume there are 75 transactions a year in an economy with a money supply of 300 . If the average value of each transaction is 20, then the velocity of money is
 
  a. 1/2.
  b. 1
  c. .2
  d. 20.


itsakadoozi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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Deast7027

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Reply #2 on: Jun 30, 2018
Correct answers!


itsakadoozi

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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