According to supply-side fiscal policy, reducing tax rates on wages and profits will:
a. create demand-pull inflation.
b. lower the price level but may trigger a recession.
c. reduce both unemployment and inflation.
d. result in stagflation.
c
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Refer to the scenario above. What is the probability of picking a blue ball from the box?
A) 16.66% B) 33.33% C) 49.99% D) 54.44%.
Price indexes can overstate inflation because they
A) omit some quality improvements. B) do not contain the prices of any used goods. C) do not contain the prices of foreign goods. D) do not contain the prices of services.
You are the new vice president in charge of advertising at Taco Bell. In your upcoming advertising campaign, you plan to degrade the fast food competitor whose product is the closest substitute for Taco Bell's tacos
That would be the fast food chain whose cross elasticity of demand with your tacos is equal to A) negative 2.11. B) negative 1.75. C) positive 1.55. D) positive 1.00.
The division of the burden of a tax between buyers and sellers in a market is called tax allocation
Indicate whether the statement is true or false