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Author Question: When the tax structure of a nation is progressive, as incomes increase, the tax rate: a. declines. ... (Read 38 times)

karlynnae

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on: Jun 30, 2018
When the tax structure of a nation is progressive, as incomes increase, the tax rate:
 a. declines.
  b. remains the same.
  c. increases.
  d. is proportional.

Question 2

If the economy is in recession, explain what advice you would give the President, if you were a monetarist economist. What if you were a Keynesian?


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perkiness

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

c

Answer to Question 2

If you were a monetarist, you would tell the President not to intervene in the economy because the economy will naturally move to full employment in the long run. If you were a Keynesian, you would advocate intervention in the form of lower taxes or more government spending, because Keynesians do not believe that the economy will achieve full employment by itself.


karlynnae

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Reply 2 on: Jun 30, 2018
:D TYSM

mohan

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Reply 3 on: Yesterday
Excellent

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