Other things remaining the same, an increase in nominal GDP causes the velocity of money to:

Because the United States does not have a comparative advantage in producing clothing, a fall in world prices increases imports and ________ U.S. production. U.S. consumers ________ and U.S. producers ________

A) decreases; gain; gain B) increases; gain; lose C) increases; gain; gain D) decreases; gain; lose E) decreases; lose; lose

The percentage of additional income that will have to be paid in tax is an individual's _____

a. marginal tax rate b. average tax rate c. proportional tax rate d. flat tax rate