Question

Put the symbols ↓ or ↑ appropriately, in the blanks.

1. During inflation the tax rate ………

2. As a result, the purchasing power of the people ……

3. During deflation the tax rate ……

4. As a result the purchasing power of the people ……

Answer 1

1. During inflation the tax rate ↑ 

2. As a result, the purchasing power of the people ↓

3. During deflation the tax rate ↓ 

4. As a result the purchasing power of the people ↑