Income tax collections: a. rise during a recession, thus reduce ...

[809779]

Income tax collections:
 a. rise during a recession, thus reduce the severity of the recession.
  b. rise during a recession, thus increase the severity of the recession.
  c. fall during inflationary episodes, thus increase the severity of the inflation.
  d. fall during a recession, thus reducing the severity of the recession.

Question 2

Each point on the Phillips curve represents a combination of the:
 a. consumption rate and the unemployment rate.
  b. savings rate and the inflation rate.
  c. interest rate and the savings rate.
  d. inflation rate and the unemployment rate.

[robbielu01]

Answer to Question 1

d

Answer to Question 2

d

[809779]

YES! Correct, THANKS for helping me on my review

[Zebsrer]

Thanks for the timely response, appreciate it