Economics 9708 · AS & A Level · Price stability and inflation

Price stability and inflation — practice question

A country sees unemployment rise because of a shortage of aggregate demand. If tax rates and rates of unemployment benefit stay unchanged, what effect will this have on tax revenue and government expenditure?

  • Atax revenue decrease; government expenditure increase
  • Btax revenue decrease; government expenditure no change
  • Ctax revenue increase; government expenditure decrease
  • Dtax revenue no change; government expenditure increase

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