When Taxpayers Pay More in Taxes Because of Inflation Even

question 21

Multiple Choice

When taxpayers pay more in taxes because of inflation even when the nominal tax structure remains the same,this is called _____.

• A)indexation
• B)bracket creep
• C)tax expenditure
• D)nominal rigidity

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Definitions:

Virgin Mary

A central figure in Christianity, regarded as the mother of Jesus Christ, often depicted in religious art and icons.

Gothic Cathedrals

Large, often ornately decorated Christian churches of the medieval period characterized by pointed arches, ribbed vaults, and flying buttresses.

Reims Portal

A richly decorated entrance door to the Reims Cathedral in France, an exemplary piece of Gothic architecture, known for its detailed sculptures and historical significance.

Gothic Portal Sculpture

Sculptural art designed for the entranceways of Gothic cathedrals, featuring biblical figures and scenes.