Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

57. Tax revenues that rises and government expenditure that falls as national income rises, is explaining which of the following? Select one: O a. Regressive

image text in transcribed
57. Tax revenues that rises and government expenditure that falls as national income rises, is explaining which of the following? Select one: O a. Regressive taxes introduced O b. Automatic fiscal drag c. Discretionary fiscal stabilisers O d. Automatic fiscal stabilisers 22. The central bank acts as a bank to all of the following except: Select one: O a. Consumers b. Government O c. Commercial Banks d. Overseas central banks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

SEO Competitor Audit Journal

Authors: Nelz Plummer

1st Edition

B09DDWJGRC, 979-8459748123

Students also viewed these Accounting questions