What do goods like gasoline, tobacco, and alcohol typically share in common? A p
ID: 1202374 • Letter: W
Question
What do goods like gasoline, tobacco, and alcohol typically share in common?
A progressive tax is imposed on each of them.
A regressive tax is imposed on each of them.
They are all subject to government excise taxes.
They are all subject to government fiscal taxes.
When inflation begins to climb to unacceptable levels in the economy, the government should:
use contractionary fiscal policy to shift aggregate demand to the right.
use contractionary fiscal policy to shift aggregate demand to the left.
use expansionary fiscal policy to shift aggregate demand to the right.
use expansionary fiscal policy to shift aggregate demand to the left.
A progressive tax is imposed on each of them.
A regressive tax is imposed on each of them.
They are all subject to government excise taxes.
They are all subject to government fiscal taxes.
Explanation / Answer
Answer 1
All are subject to government excise taxes. Thus, option c is the correct choice.
Answer 2:
when inflation is high, aggregate demand needs to be reduced. Thus, Option b is the correct choice.
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