One advantage of using an inflation tax over other methods of tax collection is that:
A) inflation tax only affects individuals with a high income.
B) people who evade other taxes also feel the burden of an inflation tax.
C) the revenue from inflation tax is extremely high.
D) the collection of inflation tax is more organized.
B
Economics
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In Figure 4-6 above, with IS0 shifting to IS1, movement from points 0 to 2 requires the real money supply to ________
A) rise by the same percentage as income B) fall by the same percentage as income C) remain constant D) none of the above
Economics
If the value of a price index was 125 for 2005 and 75 for 1982, and GDP was 2500 in 2005 compared to 600 in 1982, the value of real 2005 GDP in terms of 1982 prices is
a. 1500. b. 1000. c. 2500. d. 360.
Economics