The Fourteenth Amendment was applied to the railroads in the Santa Clara County v Southern Pacific Railroad (1886) decision even though the original intent of that amendment had been to protect the property of former slaves.
Indicate whether the statement is true or false
Question 2
An inflation-induced increase in the effective tax rate on interest income and capital gains results in
a. a leftward shift of the saving schedule.
b. a rightward shift of the saving schedule.
c. no shift of the saving schedule.
d. a rightward shift of the investment schedule.
