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

Price stability and inflation — practice question

A country faces rising unemployment because of a shortfall in aggregate demand. What effect will this have on tax revenue and government expenditure, if tax rates and rates of unemployment benefit stay unchanged?

  • 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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