If a state government reduces property taxes for residents at the same time that it increases the state income tax, what will happen to the expenditures schedule of the residents of this state?
a. It shifts upward.
b. It shifts downward.
c. It becomes less steep.
d. It becomes steeper.
e. It does not change.
d
Economics
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Refer to the table below. If an excise tax of $3 per unit is imposed on this product, the tax revenue for the government will be:
The following table gives data for the market for a product.
A. $60
B. $50
C. $90
D. $70
Economics
The economic impact of automatic stabilizers during recessionary periods is to
A. increase taxes. B. have no impact on the recession. C. moderate the recession. D. make the recession worse.
Economics