The idea of tax cuts for the rich that will then "trickle down" to working people in the form of additional jobs and income, is consistent with
A) Keynesian economics.
B) the Milton Friedman hypothesis.
C) the aggregate demand hypothesis.
D) supply-side economics.
E) pluralism.
D
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?During the 2012 elections, spending on political advertising
A. ?was lower than usual. B. ?was more highly regulated than usual, due to Supreme Court decisions. C. ?was eclipsed by the costs of campaigns' online efforts. D. ?exceeded $7 billion. E. ?exceeded $10 billion.
What is the justification for a progressive tax?
a) It appeals to notions of fairness and social benefit. b) It provides an incentive to work hard. c) It supports "supply-side" economics. d) It opens up extra money for major investment.
When the amount of money spent by the government exceeds what it collects in taxes and other revenue in a single year, it is referred to as a _______________________
A) budget surplus B) budget deficit C) federal deprofiting D) deflation E) positive retail impact
Which country does NOT use a unitary form of government?
a. Israel b. United States c. France d. Kenya