The popular theory prior to the Great Depression that the economy will automatically adjust to achieve full employment in the long run is:
a. supply-side economics.
b. Keynesian economics.
c. classical economics.
d. mercantilism
Question 2
If a person is taxed 1,000 on an income of 10,000 . taxed 2,000 on an income of 20,000 . and taxed 3,000 on an income of 30,000 . this person is paying a(n):
a. progressive tax.
b. regressive tax.
c. proportional tax.
d. poll tax.
e. excise tax.
