Under progressive taxation, the real value of tax on a given level of real income : (a) decreases under inflation (b) rises under depression (c) rises under inflation (d) remains unchanged under inflation

Under progressive taxation, the real value of tax on a given level of real income :
(a) decreases under inflation
(b) rises under depression
(c) rises under inflation
(d) remains unchanged under inflation
by

1 Answer

Answer :

(c) rises under inflation
by

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