If Personal Taxes Were Decreased and Resource Productivity Increased Simultaneously

question 57

Multiple Choice

If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium

• A) output would necessarily rise.
• B) output would necessarily fall.
• C) price level would necessarily fall.
• D) price level would necessarily rise.

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Definitions:

Children

Young human beings below the age of puberty or below the legal age of majority.

EHT

Essential Hypertension; a condition of high blood pressure with no identifiable cause.

Range Of Motion

The full movement potential of a joint, usually its range of flexion and extension.

Abbreviation

A condensed version of a word or phrase, intended to conserve space or prevent redundant usage.