Prohibiting the use of "dirty" fuels by industry is an example of

Katie had a before-tax income of $40,000 and paid taxes of $6,000 . Rinji had a before-tax income of $35,000 and paid taxes of $5,250 . Based on this information, the tax system is

a. There is insufficient information to answer the question. b. progressive c. based on the benefits received d. regressive e. proportional

Which of the following occurs when an expansionary gap is closed in the long run by the action of firms? a. Output decreases, and the price level increases

b. Inflation decreases, and unemployment rises. c. Both the equilibrium output and the price level increase. d. Both the equilibrium output and the price level decrease. e. Inflation rises, and unemployment decreases