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.
1 answer
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.)
12 answers