Author Question: Income tax collections: a. rise during a recession, thus reduce the severity of the recession. b. ... (Read 72 times)

809779 · **on:** Jun 30, 2018

Income tax collections:
a. rise during a recession, thus reduce the severity of the recession.
b. rise during a recession, thus increase the severity of the recession.
c. fall during inflationary episodes, thus increase the severity of the inflation.
d. fall during a recession, thus reducing the severity of the recession.

Question 2

Each point on the Phillips curve represents a combination of the:
a. consumption rate and the unemployment rate.
b. savings rate and the inflation rate.
c. interest rate and the savings rate.
d. inflation rate and the unemployment rate.