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Author Question: Refer to Table 18-5. The tax system is A) progressive throughout all levels of income. B) ... (Read 45 times)

jazziefee

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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