[Answered] Inflation reduces the purchasing power of nominal income and increases the purchasing power of fixed ...

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mp14

Hero Member
Posts: 534

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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Marked as best answer by a Subject Expert

trog

Sr. Member
Posts: 343

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

c

mp14

Member
Posts: 534

Reply 2 on: Jun 30, 2018

Great answer, keep it coming

sultana.d

Member
Posts: 320

Reply 3 on: Yesterday

TYSM

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