Explansionary fiscal policy actions include ____government spending and/or ___________taxes, while contractionary fiscal policy actions include _______government spending and/or__________taxes.
a. increasing: increasing: decreasing; decreasing
b. decreasing; decreasing;increasing increasing
c. increasing; decreasing;increasing; decreasing
d. decreasing; increasing; increasing; decreasing
e. increasing; decreasing; decreasing; increasing
The social security tax charges a constant rate on income up to a limit (say $70,000) and goes to zero after it reaches the limit. The tax is therefore ____up to the limit, but ____if we compare people who earn below the limit to those whose earnings are above the limit.
a. progressive, regressive
b. proportional, regressive
c. regressive, proportional
d. proportional, progressive
2007-10-20
19:03:36
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3 answers
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asked by
babyface
1