O-LevelEconomicsGovernment and the macroeconomy2281/11 · Oct/Nov 2011 · Q321 Mark
A newspaper reported that there were signs of economic growth and inflation in an economy. What would not be evidence of such a situation?
Aan increase in employment
Ban increase in the general price level
Can increase in the income tax rates
Dan increase in the standard of living
✓ Correct answer
C: an increase in the income tax rates
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