A __________________________ policy will cause a greater share of income to be c
ID: 1202019 • Letter: A
Question
A __________________________ policy will cause a greater share of income to be collected from those with high incomes than from those with lower incomes.
proportional tax
regressive tax
progressive tax
excise tax
During a recession, if a government uses an expansionary fiscal policy to increase GDP, the:
aggregate supply curve will shift to the right.
aggregate supply curve will shift to the left.
aggregate demand curve will shift to the left.
aggregate demand curve will shift to the right.
____________ is a completely inadequate mechanism ____________________ in a modern advanced economy.
Currency; for providing a medium of exchange
Money; for providing a store of value
Barter; for trying to coordinate trades
Money; to use as a unit of account
__________are funds that the bank keeps on hand that are not loaned out or invested in bonds.
Certificates of deposit
Reserves
Time deposits
Demand deposits
Stealth bank has deposits of $350 million. It holds reserves of $30 million and government bonds worth $70 million. If the bank sells its loans at market value of $400 million, what will its total assets equal?
$500 million
$750 million
$450 million
$380 million
If Brent uses his credit card to purchase a new television, then the money to pay the retailer is taken from:
his M1 funds.
his M2 funds.
the credit card company's M1 funds.
the credit card company's M2 funds.
_____________ are a form of financial instrument through which corporations and governments borrow money from financial investors and promise to repay with interest.
Certificates of deposit
Bonds
Money market funds
Time deposits
The process of banks making loans in financial capital markets is intimately tied to the:
redistribution of wealth.
financial stress levels of banks.
creation of money.
home construction industry.
In macroeconomics, a _______________ describes the common way in which market values are measured in an economy.
unit of account
medium of exchange
store of value
unit of exchange
proportional tax
regressive tax
progressive tax
excise tax
Explanation / Answer
A progressive tax policy will cause a greater share of income to be collected from those with high incomes than from those with lower incomes. A progressive tax policy is defined as the policy of taxing more the capables and low the unables. That is poor are either not taxed or very low taxed and rich are heavily taxed as they have tha ability to afford them.
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