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Author Question: When the tax rate increases, the tax revenue A) always increases. B) does not change. C) always ... (Read 74 times)

PhilipSeeMore

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When the tax rate increases, the tax revenue
 
  A) always increases.
  B) does not change.
  C) always decreases.
  D) may increase or decrease.

Question 2

Assume that prices have risen in a given economy by an average of 5 percent over the last nine years. If consumers base their expectations about future price movements on that knowledge alone their forecasts rely on ________.
 
  A) reverse expectations
  B) adaptive expectations
  C) rational expectations
  D) monetary expectations



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sylvia

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Answer to Question 1

D

Answer to Question 2

B




PhilipSeeMore

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


amit

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Reply 3 on: Yesterday
Wow, this really help

 

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