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Author Question: When the Keynesian-cross model is in equilibrium, income equals output and aggregate expenditure ... (Read 39 times)

kfurse

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

True

Answer to Question 2

a


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