"The More Progressive a Tax System, the Greater Is the Economy's

question 48

Essay

"The more progressive a tax system, the greater is the economy's built-in stability." Explain this statement for both recessionary and peak phases of the business cycle.

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Definitions:

Americanize

The process of assimilating or causing someone to assimilate to American customs, values, and culture.

Immigrants

Individuals who move from one country to another with the intention of settling in the new country, often for economic, social, or political reasons.

U.S. Citizen

A legal member of the United States, either by birth or naturalization, who is entitled to the rights and responsibilities outlined in the U.S. Constitution.