Crowdly
Add to Chrome
ECS1601-25-EX10A
Looking for ECS1601-25-EX10A test answers and solutions? Browse our comprehensive collection of verified answers for ECS1601-25-EX10A at cems.myexams.unisa.ac.za.
Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!
a. A neutral tax leaves the same tax burden on all the tax payers.
b. Exclusion is highly impossible in the case of public goods.
c. Tax avoidance occurs when people illegally do not pay the taxes due by them.
In the simple Keynesian model of an economy with a government sector, prices, wages and interest rates are regarded as given.
The question is based on the following diagram:
Which one of the following factors could have caused the shift in the curve from AD0 to AD1, ceteris paribus?
When the interest rate level decreases, the income level in the economy will increase.