Author Question: Refer to Table 18-5. The tax system is A) progressive throughout all levels of income. B) ... (Read 77 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
Refer to Table 18-5. The tax system is
 
  A) progressive throughout all levels of income.
  B) regressive between 20,000 and 25,000 of income and progressive between 32,000 and 42,000.
  C) regressive throughout all levels of income.
  D) proportional throughout all levels of income.

Question 2

Deflation will
 
  A) increase the quantity of real GDP demanded. B) decrease aggregate demand.
  C) increase aggregate demand. D) decrease the quantity of real GDP demanded.



katheyjon

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

For a complete list of videos, visit our video library