KW
Kelci Wilson
Answers (2)
KW
Answered
John Maynard Keynes did NOT accept the classical assumption that
A) the velocity of money is constant in the short run.
B) full employment is the natural state of the economy.
C) money balances are held only for transaction purposes.
D) interest rates do not affect the quantity of money demandeD.
E) Keynes did not accept any of the above assumptions.
A) the velocity of money is constant in the short run.
B) full employment is the natural state of the economy.
C) money balances are held only for transaction purposes.
D) interest rates do not affect the quantity of money demandeD.
E) Keynes did not accept any of the above assumptions.
On May 10, 2024
E
KW
Answered
How can a proportional tax achieve vertical equity?
On May 09, 2024
Vertical equity is the idea that taxpayers with a greater ability to pay taxes should contribute a larger amount, not necessarily a larger percent. If all taxpayers pay 20 percent of their incomes, someone who earns $50,000 pays twice the amount of taxes as someone who earns $25,000. Thus, a proportional tax achieves vertical equity.