Which of the Following Is True

question 78

Multiple Choice

Which of the following is true?

• A) When income tax rates fall,it is possible for tax revenues to rise.
• B) When income tax rates fall,it is possible for tax revenues to fall.
• C) All economists agree that a monetary rule is preferred to discretionary Fed policy.
• D) All economists agree that discretionary Fed policy is preferred to a monetary rule.
• E) a and b

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Definitions:

Upper Limit

The upper limit refers to the highest value or boundary that a certain data range, interval, or measurement can reach.

Random Variable

A variable whose outcomes are determined by a random phenomenon, used in probability and statistical analysis.

Normal Distribution

A harmonized distribution of probability about the mean, portraying that near-mean occurrences are more common than those far from the mean.

Sales

The activities related to selling goods or services and the amount of goods or services sold within a given period.