If tax rates in a country increase, ________
A) the unemployment rate in the country will fall
B) the gross domestic product of the country will decrease
C) the country's expenditure on consumption will increase
D) the aggregate price level of the country will rise
B
Economics
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________ refers to funds available for immediate payment
A) Term deposits B) Velocity C) Mutual funds D) Liquidity
Economics
Which of the following would NOT lead to crowding out?
A) Expansionary fiscal policy depreciates the exchange rate. B) Expansionary fiscal policy raises foreign income. C) Expansionary fiscal policy raises the money supply. D) Expansionary fiscal policy increases net exports.
Economics