« previous next »

Author Question: Classical economic theory predicted that in the long run the economy would experience: a. below ... (Read 126 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?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
Predicted Temperature Trends Through the 21st Century Predicted Temperature Trends Through the 21st Century
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library