The public education system is an example of
A) an income maintenance program.
B) a negative income tax.
C) the poor paying more than the market price for a service they receive.
D) a subsidized service.
D
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Inflation is: a. a reduction in everyone's standard of living
b. a rise in the real prices of all goods and services. c. a general and continuing rise in the money prices of goods and services. d. a continuing rise in everyone's standard of living. e. an increase in the value of money compared to the value of goods.
Expansionary monetary policy involves actions that:
A. increase the money supply in order to decrease aggregate demand. B. increase the money supply in order to increase aggregate demand. C. reduce the money supply in order to decrease aggregate demand. D. reduce the money supply in order to increase aggregate demand.
Individuals who purchase services and goods for the purpose of consumption are:
A. consumers. B. agents. C. workers. D. managers.
________ seem as a group to be mildly regressive and ________ seem as a group to be mildly progressive.
A. Federal and state taxes; local taxes B. Federal taxes; state and local taxes C. State and local taxes; federal taxes D. Local taxes; federal and state taxes