Multiple Choice
(Last Word) Art Buchwald's article "Squaring the Economic Circle" humorously describes how
A) a person's decision not to buy an automobile eventually reduces many people's incomes, including that of the person making the original decision.
B) a price increase on a single product eventually leads to rapid inflation.
C) an increase in imports eventually leads to a greater increase in exports.
D) a government tax rate increase eventually results in the government collecting less tax revenue than before the tax rate hike.
Correct Answer:

Verified
Correct Answer:
Verified
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