Solved

If Incomes Rose Proportionately with Prices,then in the Absence of Taxes

Question 16

Multiple Choice

If incomes rose proportionately with prices,then in the absence of taxes


A) money would cease to be a veil
B) real GDP would increase
C) everyone would be worse off
D) prices would have no effect on output or well-being
E) resources would be over allocated to the present at the expense of future generations

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions