Author Question: A tax is structured so that the tax as a percentage of income declines as the level of income ... (Read 53 times)

j.rubin · **on:** Jun 30, 2018

A tax is structured so that the tax as a percentage of income declines as the level of income increases is called a(n):
a. flat tax.
b. regressive tax.
c. progressive tax.
d. excise tax.

Question 2

The Keynesian view stresses that:
a. demand creates its own demand.
b. there is direct relationship between consumer spending and disposable income.
c. when aggregate expenditures (demand) can be forever less than full-employment output therefore prolonged unemployment will persist.
d. all of these are true.