Unit #4 MACRO (Economics)

What does #1 represent?

• Expansion

• Peak

• Contraction

• Trough

What does #2 Represent?

• Expansion

• Peak

• Contraction

• Trough

What does #3 Represent?

• Expansion

• Peak

• Contraction

• Trough

What does #4 Represent?

• Expansion

• Peak

• Contraction

• Trough

In December of 2019 (before COVID), where were we on the business cycle?

• 1

• 2

• 3

• 4

If you could buy stocks for investing in the stock market, when is the best time to buy?

• 1

• 2

• 3

• 4

Under which type of tax do people with higher incomes pay a higher percentage of tax?

• Progressive

• Proportional

• Regressive

• Marginal

Under which type of tax do all individuals pay the same percent of their income?

• Progressive

• Proportional

• Regressive

• Marginal

Under which type of tax do people with lower incomes pay a higher percent in taxes than those with higher incomes?

• Progressive

• Proportional

• Regressive

• Marginal

Which type of tax is the USA Federal Income tax?

• Progressive

• Proportional

• Regressive

• Sales