The role of the progressive tax system as an autonomous fiscal stabilizer requires that the budget
a. should require actual deficits be equal to zero on average.
b. should go into a surplus at appropriate points in the business cycle.
c. cannot have a structural deficit component.
d. Both a and b
e. None of the above
Question 2
Assume there are 75 transactions a year in an economy with a money supply of 300 . If the average value of each transaction is 20, then the velocity of money is
a. 1/2.
b. 1
c. .2
d. 20.
Process Flow Diagram of a Dual-Stage Pressure System
Pathology of the Digestive System
Some of the pathways of the auditory system that lead from one ear to the cortex.
The dorsal-column medial-lemniscus system. The pathways from only one side of the body are shown.
The renin–angiotensin–aldosterone system
The generation, removal, and role of reactive oxygen species (ROS) in cell injury