When the economy enters a prosperity phase, personal income tax collections
a. fall along with consumption and real GDP
b. rise along with real GDP but unemployment insurance payments to workers fall
c. rise but real GDP and unemployment insurance payments to workers fall
d. fall along with real GDP but unemployment insurance payments to workers rise
e. fall causing real incomes and employment to fall
C
Economics
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Under the Bretton Woods agreements,
a. the IMF was created to punish countries that did not maintain fixed exchange rates. b. a system of fixed exchange rates based on gold was established. c. each country agreed to buy and sell its currency to maintain a fixed exchange rate. d. All of the above are correct.
Economics
Scarcity occurs in both wealthy societies and poor societies
Indicate whether the statement is true or false
Economics