Based on the table demonstrating three tax systems, with these tax rates, which system(s) would bring in the lowest total revenue?

U.S. GDP excludes underground activities

Indicate whether the statement is true or false

If income falls without any change in interest rates, then according to the IS-LM model it may be true that:

a. money demand fell and government spending declined. b. the money supply increased and taxes declined. c. tight monetary policy and easy fiscal policy. d. easy monetary policy and easy fiscal policy.