The federal government relies on ________ to limit inequality
A) regressive taxes
B) proportional taxes
C) progressive taxes
D) marginal taxes
C
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As a percentage of GDP, all of the following federal government expenditures are expected to increase from 2012 to 2042 except
A) Social Security. B) Medicare and Medicaid. C) the net interest on the federal debt. D) national defense.
New England's imports came primarily from
a. the United Kingdom. b. continental Europe. c. the West Indies. d. Africa.
The most volatile component of aggregate demand is:
a. consumer spending b. government purchases c. net exports d. investment spending
A positive nominal interest rate indicates
a. how fast the number of dollars in your savings account is rising over time. b. how fast the purchasing power of your savings account is rising over time. c. the number of dollars in your savings account today. d. the purchasing power in your savings account today.