To Combat Income Inequality, the Democratic Party Generally Seeks To

question 17

Multiple Choice

To combat income inequality, the Democratic Party generally seeks to:

• A) increase funding for social and welfare programs and tax wealthier individuals.
• B) print more money and privatize Social Security.
• C) create jobs and lower taxes for everyone.
• D) restrict free trade and raise taxes on everyone.
• E) increase the capital gains tax.

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Definitions:

Demand Decreases

A reduction in the quantity of a good that consumers are willing and able to buy at each possible price.

Equilibrium Quantity

The amount of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Demand Increases

A situation in which the quantity of a product or service that consumers are willing and able to buy at a specific price rises.

Price Restrictions

Regulations or limits placed on the price level for goods and services, often by a government to control inflation or protect consumers.