The equation of exchange specifies that

Suppose Political Party A proposes a tax cut on business income to stimulate the economy. Political Party B opposes the tax cut on business income asserting that it would only help businesses, not the average working man and woman

If you were hired as an economist for Political Party A, explain how the tax cut on business income would help the average working man and woman.

Other things being equal, if input prices rise in a country, then there would be

A) cost-push inflation. B) demand-pull inflation. C) cost-push deflation. D) more production and a lower price level.