Using the income approach, general sales taxes, excise taxes, ...

[809779]

Using the income approach, general sales taxes, excise taxes, customs duties, business property taxes, and license fees are termed:
 a. indirect business taxes.
  b. regressive taxes.
  c. disproportionate taxes.
  d. capital depreciation.
  e. progressive taxes.

Question 2

The aggregate demand curve is drawn downward-sloping, because increases in the price level cause decreases in:
 a. unemployment.
  b. total spending (real GDP).
  c. households' savings.
  d. the value of the dollar.

[Pamela.irrgang@yahoo.com]

Answer to Question 1

a

Answer to Question 2

b