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Author Question: Inflation reduces the purchasing power of nominal income and increases the purchasing power of fixed ... (Read 110 times)

mp14

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on: Jun 30, 2018
Inflation reduces the purchasing power of nominal income and increases the purchasing power of fixed income.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is an example of a progressive tax?
 a. The excise tax on cigarettes.
  b. The federal tax on gasoline.
  c. The federal personal income tax.
  d. All of these.


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trog

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


mp14

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
Wow, this really help

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