If, as your taxable income increases, you pay a smaller percentage of your taxable income in taxes, then the tax is
A) progressive.
B) regressive.
C) proportional.
D) unfair.
B
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Describe the single supervisory mechanism or SSM proposed by EU leaders in June of 2012
What will be an ideal response?
Rent controls can result in
a. deteriorating or abandoned buildings b. strong incentives to oust protected tenants c. payments to motivate tenants to move out d. benefits to rich people who get a windfall from low rents e. All of the answers are correct.
The demand curve faced by a monopolistically competitive firms is
A) horizontal. B) vertical. C) downward sloping. D) unitary elastic.
Most monetarists would say that:
A. the MV = PQ equation provides a better understanding of the macroeconomy than does the C a + I g + X n + G = GDP equation. B. most changes in the price level are explainable by changes in the level of real output. C. the velocity of money is quite unstable. D. all of these are true.