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Government role: To make and enforce laws and to protect private property rights.
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
An increase in our unemployment rate means our Economy is __________.
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
A tax for which the percentage of income paid in taxes decreases as income increases( example: a sales tax would take a higher percentage of lower income person’s money)
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
A tax for which the percentage of income paid in taxes remains the same for all income levels( example: 10% for everyone)
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
Caused by changes in seasons or weather is what type of unemployment?
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
Government Role: By taxing those with larger incomes and helping though in need.
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
A tax for which the percentage of income paid in taxes increases as income increases( example: someone with an income of $50, 000 may pay 15%, but someone with an income of $500,000 may pay 25%)
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
Unemployment that is temporary because of firings, layoffs, voluntary searches for new jobs.
Performing poorly
Seasonal
Regressive Tax
Provide legal system
Proportional Tax
Frictional
Redistribute Income
Progressive Tax
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