When former president Obama promised to raise taxes only on those whose income exceeds $250,000, he was suggesting the federal tax system be:

A. more progressive.
B. proportional.
C. regressive.
D. less progressive.


Answer: A

Economics

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Which of the following directly shifts the short-run aggregate supply curve?

A) a change in aggregate demand B) a change in the price level C) a change in resource prices D) all of the above

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When financial intermediaries deleverage, firms cannot fund investment opportunities resulting in

A) a contraction of economic activity. B) an economic boom. C) an increased opportunity for growth. D) a call for government regulation.

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Unlike social insurance taxes, income taxes are paid on wages only.

Answer the following statement true (T) or false (F)

Economics

Explain how technological change can cause changes in wage inequality

What will be an ideal response?

Economics