UMUC ECON201 HOMEWORK 6 LATEST 2015
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Question
Chapter 17 Random
Question 1
A ________________________________ is calculated as a flat percentage of income earned, regardless of level of income.
a) proportional tax
b) progressive tax
c) regressive tax
d) estate and gift tax
Question 2
When increasing oil prices cause aggregate supply to shift to the left, then:
a) unemployment and inflation increase.
b) unemployment and inflation decrease.
c) unemployment decreases and inflation increases.
d) unemployment increases and inflation dec...
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UMUC ECON201 HOMEWORK 6 LATEST 2015•UMUC ECON201 HOMEWORK 6 LATEST 2015
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Question
Chapter 17 Random
Question 1
A ________________________________ is calculated as a flat percentage of income earned, regardless of level of income.
a) proportional tax
b) progressive tax
c) regressive tax
d) estate and gift tax
Question 2
When increasing oil prices cause aggregate supply to shift to the left, then:
a) unemployment and inflation increase.
b) unemployment and inflation decrease.
c) unemployment decreases and inflation increases.
d) unemployment increases and inflation dec...