Adhering to the principle of revenue neutrality _____
a. allows for the separation of efficiency and the overall level of taxation
b. allows for the separation of equity and the overall level of progressivity
c. allows for the separation of equity and government spending
d. allows for the separation of efficiency and intergovernmental transfers
a
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According to the above table, if real Gross Domestic Product (GDP) is $25,000, planned saving equals
A) $2,000. B) $3,000. C) $4,000. D) $5,000.
The consumption schedule shows:
A. a direct relationship between aggregate consumption and accumulated wealth. B. a direct relationship between aggregate consumption and aggregate income. C. an inverse relationship between aggregate consumption and accumulated financial wealth. D. an inverse relationship between aggregate consumption and the price level.