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Homework answers / question archive / Important microeconomic consequences of inflation include all of the following except: A

Important microeconomic consequences of inflation include all of the following except: A

Economics

Important microeconomic consequences of inflation include all of the following except:

A. Cyclical unemployment.

B. Income effects.

C. Wealth effects.

D. Price effects.

If an engineering professor makes $90000 and pays $6000 in taxes while political science professor makes $50000 and pays $7000 in taxes, this is an example of:

A. A progressive tax system.

B. Vertical inequity.

C. Constant marginal tax rates.

D. Horizontal inequity.

Which of the following in a microeconomic consequences of inflation?

A. Greater unemployment.

B. Money illusion.

C. The wealth effect.

D. All of the above.

If an individual is taxed at a 17 percent rate for each dollar earned, the reference is to the:

A. Marginal tax rate.

B. Nominal tax rate.

C. Average tax rate.

D. Effective tax rate.

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