In this chapter you learned about one of the major debates in macroeconomics between classical and Keynesian economists—whether or not the macroeconomy has a natural adjustment mechanism that brings the economy back to long-run equilibrium. Which of the following would classical economists believe, and which of the following would Keynesian economists believe? Items (5 items) (Drag and drop into the appropriate area below) Cyclical unemployment is the norm. Prices are sticky. The long run is the key time period. Savings is crucial to economic growth. Supply is the key side of the market.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; post closing trial balance;

answerup to (3) three years;