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"It would be an undue hardship to require people whose income is below $15,000 per
year to pay income taxes." This statement reflects which of the following principles for
a tax?
a. Benefits-received.
b. Inexpensive-to-collect.
c. Ability-to-pay.
d. Fairness of contribution.
An increase in the money supply is represented by a(n):
a. rightward shift of the downward-sloping money supply curve.
b. upward shift of the money supply curve.
c. rightward shift of the money supply curve.
d. increase in the rate of interest.
