Economics 9708 · AS & A Level · Fiscal policy

Fiscal policy — practice question

In what way are inflation and unemployment most likely to be affected by an increase in the rate of income tax if government expenditure remains unchanged?

  • Ainflation: falls; unemployment: rises
  • Binflation: falls; unemployment: falls
  • Cinflation: rises; unemployment: rises
  • Dinflation: rises; unemployment: falls

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