Author Question: Cost-push inflation happens when technological innovation unexpectedly lowers the cost of ... (Read 39 times)

ahriuashd · **on:** Jun 30, 2018

Cost-push inflation happens when technological innovation unexpectedly lowers the cost of production, causing increased demand for goods and services.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When a tax is regressive, as a person's income rises, the tax rate:
a. stays the same.
b. decreases.
c. increases.
d. increase and then decreases.
e. decreases and then increases.