« previous next »

Author Question: When the Keynesian-cross model is in equilibrium, income equals output and aggregate expenditure ... (Read 97 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 30, 2018
When the Keynesian-cross model is in equilibrium, income equals output and aggregate expenditure equals output.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If Joe earns 80,000 per year and pays 20,000 in taxes, while Moe earns 100,000 and pays 22,000 in taxes, their tax system would best be described as:
 a. progressive.
  b. proportional.
  c. regressive.
  d. discretionary.
  e. lump-sum.


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

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?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Bronchi Model Bronchi Model
Cross Section of a Synapse Cross Section of a Synapse
A Model of Phonological Dyslexia A Model of Phonological Dyslexia
A model for helicase action A model for helicase action
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
How Health Interacts with Income How Health Interacts with Income
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library