An inflation-induced increase in the effective tax rate on interest income and capital gains results in
a. a leftward shift of the saving schedule.
b. a rightward shift of the saving schedule.
c. no shift of the saving schedule.
d. a rightward shift of the investment schedule.
A
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Suppose the official gold value of the Brazilian real changes from 457 reals per ounce to 528 reals per ounce. We can then say that:
a. the Brazilian real has been devalued. b. the Brazilian economy is expected to experience rapid inflation. c. gold has been devalued. d. the Brazilian real has appreciated in value. e. gold is now cheaper to purchase in Brazil than it was before.
The formation of cartels is primarily a concern in the __________ market structure(s)
a. perfectly competitive b. monopolistically competitive c. oligopoly d. monopoly e. perfectly competitive and monopolistically competitive