Answer: B. modestly higher average tax rates.
C. a relatively modest boost in the historical growth rate of government redistributive transfers.
Explanation:
The policy actions that authors propose to offset the negative consequences of rising income inequality are modestly higher average tax rates and the relatively modest boost in the historical growth rate of government redistributive transfers.
Answer:
The options which is NOT correct is C.
Purchasing power does not increase with inrease in the rate of inflation. There is an inverse relationship between inflation and purchasing power of money.
Explanation:
Inflation refers to the overall increase in prices of goods and services and the erosion of the power of the currency to purchase those goods and services. In otherwords, when inflation happens, one requires more dollar bills to purchase same unit of goods or services.
Deflation is the opposite of inflation. It refers to the decrease in the prices of goods and services and is usually accompained by an increase in the purchasing power of the currency.
Nominal interest rate simply put is the interest payable on a loan without considering processing fees, compounding interest payable and the erosion of the value of such money.
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<span>If denise wants to know how much the jobs in her gym are worth in comparison to jobs in other gyms in her area, she should do a: Job evaluation
Job evaluation is a way to calculate the value of a job within an organization compared to similar jobs in other organizations.
It most commonly being done by comparing the total earnings and work hours between the organizations.</span>
