A challenger presidential candidate vows to cut entitlement, Microeconomics

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A challenger presidential candidate vows to cut entitlement

Problem

1. Explain why most people's marginal tax rate is higher than their average tax rate. Is a system in which average tax rates are higher than marginal tax rates regressive, proportional, or progressive?

2. A challenger presidential candidate vows to cut entitlement spending by 20 percent in the first few weeks that he is in office. Why is it unlikely the candidate could achieve this reduction?

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Microeconomics: A challenger presidential candidate vows to cut entitlement

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Microeconomics: A challenger presidential candidate vows to cut entitlement

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