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What is meant by "the moon illusion"?
Economic Policy
The actions taken by a government to influence its economy, including fiscal policy (taxing and spending practices) and monetary policy (control of the money supply and interest rates).
Progressive Taxes
A tax system in which the rate of taxation increases as the taxable amount increases, thereby placing a higher financial burden on individuals or entities with higher incomes.
Regressive Taxes
Taxes that take a larger percentage of income from low-income earners than from high-income earners, inversely related to the taxpayer's ability to pay.
Flat Tax
A tax system with a constant marginal rate, usually applied to individual or corporate income.
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