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Author Question: A tax is structured so that the tax as a percentage of income declines as the level of income ... (Read 66 times)

j.rubin

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on: Jun 30, 2018
A tax is structured so that the tax as a percentage of income declines as the level of income increases is called a(n):
 a. flat tax.
  b. regressive tax.
  c. progressive tax.
  d. excise tax.

Question 2

The Keynesian view stresses that:
 a. demand creates its own demand.
  b. there is direct relationship between consumer spending and disposable income.
  c. when aggregate expenditures (demand) can be forever less than full-employment output therefore prolonged unemployment will persist.
  d. all of these are true.


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Tonny

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


j.rubin

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Reply 2 on: Jun 30, 2018
Excellent

hramirez205

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Reply 3 on: Yesterday
:D TYSM

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