Which of the following was one of the main rules in the 1990 "Budget Enforcement Act"?
A) flat tax rate
B) spending caps
C) indexation of income tax brackets
D) consumption tax
E) none of the above
B
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If the expected rate of return on investment decreases, then most likely the:
A. Investment schedule will shift upward B. Investment schedule will shift downward C. Consumption schedule will shift upward D. Consumption schedule will shift downward
The demand for markers is ________ than is the demand for Sharpies because ________.
A. more price elastic; the scope of the market is for markers is more broadly defined B. less price elastic; markers require a smaller portion of one's income C. less price elastic; the scope of the market for markers is more broadly defined D. more price elastic; markers require a smaller portion of one's income