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The Bush Tax Cut Passed in 2001 Reduces the Top

question 39

Multiple Choice

The Bush tax cut passed in 2001 reduces the top income tax bracket from 39 percent to 35 percent over the next ten years.As a result of this tax cut,the demand for municipal bonds should shift to the ________ and the interest rate on municipal bonds should ________.


Definitions:

Location

A particular place or position often identified by specific coordinates or an address.

Levels

Refers to the different stages, degrees, or categories in a hierarchical structure or system.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and promote plant growth.

Sunny Side

A term commonly referring to the side of an object or place receiving the most sunlight, or the optimistic perspective of a situation.

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