The notion that equally situated individuals should be taxed equally is referred to as

Which of the following is considered a microeconomic topic?

A. The review of quarterly national income accounting data B. A firm’s decision to purchase pay-per-click online advertising C. The Federal Reserve decides to increase the discount rate D. The CPI reports a rise in inflation during July

The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists that see the decline in the middle class as a cause of declining growth argue

A. the middle class is responsible for most of the investment dollars available. B. that middle-class is generated by growth and without it, there are fewer middle-class jobs. C. the middle class is responsible for buying a high portion of the goods and services produced. D. if the poor can't afford goods, less will be produced.