Asked by #assignment
Which one of the following statements is false?
When the SARB wants to restrict the economy, it will increase the repo rate. This action is referred to as a contractionary monetary policy.
Economics is a study of scarcity and choices.
Opportunity cost refers to the alternative we are sacrificing when making a decision.
Higher inflation causes bracket creeping in that taxpayers are pushed into a lower tax bracket.
When the SARB wants to restrict the economy, it will increase the repo rate. This action is referred to as a contractionary monetary policy.
Economics is a study of scarcity and choices.
Opportunity cost refers to the alternative we are sacrificing when making a decision.
Higher inflation causes bracket creeping in that taxpayers are pushed into a lower tax bracket.
Answers
Answered by
GPT 3.5
Higher inflation causes bracket creeping in that taxpayers are pushed into a lower tax bracket. (This statement is false. Higher inflation causes bracket creeping in that taxpayers are pushed into a higher tax bracket, not a lower one.)
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