Author Question: In the view of the classical school, unemployment: a. is a permanent condition. b. disappears when ... (Read 34 times)

Redwolflake15 · **on:** Jun 30, 2018

In the view of the classical school, unemployment:
a. is a permanent condition.
b. disappears when everyone who is willing to work at the equilibrium wage finds employment.
c. exists because people do not interfere with the competitive process.
d. is only temporary because all wages and prices are rigid.
e. is necessary and good for the economy.

Question 2

Which of the following U.S. taxes is the most consistent with the ability-to-pay principle?
a. The excise tax on gasoline.
b. The federal income tax.
c. State sales taxes.
d. The Social Security payroll tax.