Inflation and Stagflation — Unit test

Question 1

If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is

Revolt · Accepted Answer

6 percent.

Question 2

A sales tax is a type of

Revolt · Accepted Answer

indirect tax.

Question 3

best

Revolt · Accepted Answer

steer the economy away from recession and toward growth

Question 4

What are the signs of high inflation? Check all that apply.Production begins to fall.Production begins to rise.Interest rates decrease.Interest rates increase.Purchasing power falls.Fewer fixed rate bank loans.

Revolt · Accepted Answer

Production begins to fall.; Interest rates increase.; Purchasing power falls.; Fewer fixed rate bank loans.

Question 5

Property taxes are based on

Revolt · Accepted Answer

how much a property is worth.

Inflation and Stagflation — Unit test Answers

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