« previous next »

Author Question: Classical economic theory predicted that in the long run the economy would experience: a. below ... (Read 138 times)

justinmsk

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

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Solution (Polynomial Long Division) Solution (Polynomial Long Division)
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
Effects of Retrieval Practice on Predicted and Actual Memory Performance Effects of Retrieval Practice on Predicted and Actual Memory Performance
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library