Chapter 23 Multiple Choice Questions

Chapter 23 Multiple Choice Questions

Money

Quiz Content

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. A reflationary (expansionist) fiscal policy could include:

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. If the economy grows, the government's budget position should automatically:

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. Fiscal drag occurs when:

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. If the marginal rate of tax is 40% and consumers' income increases from £10,000 to £12,000:

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. Imagine there is no tax on income up to £10,000; after that, there is a tax of 50%. What is the average tax rate on an income of £20,000?

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. The marginal rate of tax paid is:

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. In a regressive tax system:

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. The Public Sector Net Borrowing is:

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. A government might use tax to:

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. A budget deficit is likely to:

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