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 ________.

• A) right; decline
• B) right; increase
• C) left; decline
• D) left; increase

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Definitions:

Good Sense

An attribute denoting sound judgment or practical intelligence in making decisions or solving problems.

Coping Strategy

Techniques or methods employed by individuals to manage and adapt to stressful situations or challenges.

Emotion-focused

refers to coping strategies aimed at managing and reducing the intensity of negative emotions rather than dealing directly with the source of stress.

Problem-focused

An approach centered on identifying and directly addressing issues or challenges.