A ________ system is one in which households pay the same percentage of their incomes in taxes regardless of their income level

Currently, the United States has an import quota on the amount of sugar that is allowed to be imported into the United States. What would happen to the price of sugar in the United States if the import quota was removed? What would happen to U.S

consumption and U.S. production of sugar?

In the Keynesian model in the long run, an increase in the money supply will cause

A) an increase in output and a decrease in the real interest rate. B) a decrease in the real interest rate but no change in output. C) an increase in the real interest rate and an increase in output. D) no change in either the real interest rate or output.