Multiple Choice
An income tax system where higher tax rates are applied to increased amounts of income is called:
A) a regressive tax system.
B) a proportional tax system.
C) a progressive tax system.
D) a flat rate tax system.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The level of potential GDP does not
Q8: Explain the long-run consequences of continued increases
Q9: Aggregate supply changes much faster than aggregate
Q10: Federal spending and taxation both affect and
Q11: Briefly explain the difference between leading,coincident,and lagging
Q13: Average duration of unemployment is an example
Q14: Increases in resources and efficiency would increase
Q15: Economic variables that tend to move in
Q16: Expansionary fiscal policy will shift the AD
Q17: Explain how the aggregate demand curve is