Which one of the following statements is false?

Question

When the SARB wants to stimulate the economy, it will lower the repo rate. This action is referred to as stimulating monetary policy.


The balance of payment consists of the current - and the capital account.


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.

Answer 1

Higher inflation causes bracket creeping in that taxpayers are pushed into a lower tax bracket.

This statement is false. Higher inflation actually causes bracket creeping in that taxpayers are pushed into a higher tax bracket.