Suppose That the U

question 135

Multiple Choice

Suppose that the U.S.personal income tax was eliminated and replaced with a fixed tax that raised the exact same amount of revenue.The multiplier would be

• A)larger.
• B)unchanged.
• C)smaller.
• D)incalculable.

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Definitions:

Blockchain

A decentralized, distributed ledger technology that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.

Digital Currencies

Electronic money that exists in the digital space, enabling instantaneous transactions and borderless transfer-of-ownership.

Bitcoin

A decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovations.