An Increase in Lump-Sum Taxes Results in

question 165

Multiple Choice

An increase in lump-sum taxes results in

• A)both the intercept and the slope of the expenditure line increasing.
• B)the intercept of the expenditure line getting larger.
• C)the intercept of the expenditure line decreasing.
• D)the slope of the expenditure line decreasing.
• E)the slope of the expenditure line getting larger.

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Definitions:

Contrabands

Refers to goods that are illegal to import or export.

Fort Monroe

A historic military installation in Hampton, Virginia, that played a significant role in the Civil War and served as a stronghold for the Union Army.

Benjamin Butler

A controversial Union general during the American Civil War, known for his administration in occupied New Orleans and for his policies regarding runaway slaves.

Slave Labor

The coerced, unpaid work forced upon enslaved people, critical to economies of slave-holding societies.