Multiple Choice Questions on Whenever personal income is taxed at higher rates to service loan requirements As in case of Greece ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Whenever personal income is taxed at higher rates to service loan requirements As in case of Greece ...........

Economic Affairs Tax System
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    Whenever personal income is taxed at higher rates to service loan requirements (As in case of Greece) investment multiplier

    Falls

    Correct Answer

    Rises

    Incorrect Answer

    Does not change

    Incorrect Answer

    Either falls or rises

    Incorrect Answer
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    Explanation:
    1st option is correct.
    Whenever personal income is taxed at higher rates to service loan requirements (As in case of Greece) investment multiplier falls. 

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