The burden of a proportional tax ________ as a percentage of income as income ________.
A. does not change; rises or falls
B. rises; rises
C. rises; falls
D. falls; falls
Answer: A
Economics
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a. True b. False
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Price decreases always increase economic efficiency.
Answer the following statement true (T) or false (F)
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In 2006 and 2007 the U.S. faced an inflationary gap which would suggest the use of restrictive fiscal policy
a. True b. False Indicate whether the statement is true or false
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