Bracket creep would less likely occur in which of the following? ...

[jasdeep_brar]

Bracket creep would less likely occur in which of the following?
 
  A) a progressive income tax system
  B) a regressive income tax system
  C) a flat income tax system
  D) none of the above

Question 2

In the medium run, an increase in inflation causes
 
  A) an increase in the opportunity cost of holding money.
  B) a reduction in the opportunity cost of holding money.
  C) no change in the opportunity cost of holding money.
  D) individuals to switch from holding bonds to money and increase their real money balances.

[zoeyesther]

Answer to Question 1

B

Answer to Question 2

A