Income tax payments
a. rise during a recession, thus reducing the severity of the recession
b. rise during a recession, thus increasing the severity of the recession
c. rise during inflationary episodes, thus reducing the severity of the inflation
d. fall during inflationary episodes, thus increasing the severity of the inflation
e. fall during a recession, thus increasing the severity of the recession
C
You might also like to view...
When the opportunity cost of producing more of a good is increasing, the marginal cost of producing more of the good is
A) decreasing. B) constant. C) increasing. D) More information is needed to answer the question.
If a price decrease results in your expenditure on a good decreasing, your demand must be
A) inelastic. B) unit. C) elastic. D) linear.
Which of the following accidents has an optimal probability of zero?
A) patent infringements B) audit failure C) product failure D) It is not optimal for any of the accidents, patent infringements, audit failure, or product failure to have a probability of zero.
Marginal revenue (MR) is ____ when total revenue is maximized
a. greater than one b. equal to one c. less than zero d. equal to zero e. equal to minus one