« previous next »

Author Question: When the Keynesian-cross model is in equilibrium, income equals output and aggregate expenditure ... (Read 112 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?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

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?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Model of the Reading Process Model of the Reading Process
Solar output Solar output
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being
Cross-Cutting Relationships Cross-Cutting Relationships
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library