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Author Question: Keynes once remarked that, in the long run, we're all dead. He was responding to the conventional ... (Read 132 times)

ahriuashd

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on: Jun 30, 2018
Keynes once remarked that, in the long run, we're all dead. He was responding to the conventional wisdom of classical economics who argued that:
 a. the supply curve should remain vertical in the long run.
  b. World War I was fought to free Britain from economic ruin.
  c. depression was only a short-run, temporary departure from full-employment equilibrium.
  d. funeral plots need to be determined by the market.
  e. market-based realities cause the estate tax to be too high.

Question 2

Jose pays a tax of 24,000 on his income of 60,000 . while Richard pays a tax of 3,000 on his income of 30,000 . This tax is:
 a. a flat tax.
  b. progressive.
  c. proportional.
  d. regressive.


briezy

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

c

Answer to Question 2

b


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