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8 March, 21:19

Increasing taxes would be appropriate to

A-slow the inflation rate

B-speed up the inflation rate

C-create deflation

D-create stagflaction

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Answers (1)
  1. 8 March, 21:48
    0
    The correct answer among the choices is letter:

    A - slow the inflation rate

    Increasing the tax is an example of a contractionary fiscal policy. Since taxes are higher, this will result in slow consumer spending and therefore slow the inflation rate.
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