Refer to the information provided in Table 19.2 below to answer the question that follows.
Table 19.2 
Refer to Table 19.2. The tax rate structure in this example is
A. proportional.
B. progressive.
C. regressive.
D. marginal.
Answer: A
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The high-school dropout rate usually declines in an economic recession because
A) a decline in job opportunities lowers the opportunity cost of remaining in high school. B) high schools begin to offer more practical and relevant courses. C) laws are passed to prevent teenagers from entering the labor market. D) recessions increase the demand for education. E) tuition and book prices usually fall in a recession.
As a result of the rightward shift in the demand curve for labor from LD0 to LD1, the equilibrium level of employment ________ and potential GDP ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Why might high levels of spending on education in a developing country not be associated with development success?
What will be an ideal response?
A contractionary monetary policy shifts the LM curve to the ________, reducing ________, everything else held constant
A) left; output and increasing interest rates B) left; both real output and interest rates C) right; both interest rates and real output D) right; interest rates and increasing real output