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Author Question: Classical economic theory predicted that in the long run the economy would experience: a. below ... (Read 94 times)

justinmsk

  • Hero Member
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  • Posts: 524
on: Jun 30, 2018
Classical economic theory predicted that in the long run the economy would experience:
 a. below full unemployment.
  b. rising rate of inflation.
  c. full employment.
  d. idle factors of production.

Question 2

A tax whose impact varies inversely with the income of the person taxed, and poor people have a higher percentage of their income taxed than rich people, is known as a:
 a. regressive tax.
  b. progressive tax.
  c. proportional tax.
  d. flat tax.
  e. tax holiday.


hugthug12

  • Sr. Member
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  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


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