Which of the following terms refers to the ability of a method of taxation to keep up with inflation and economic growth?

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Buoyancy refers to the ability of a tax system to generate revenue in line with overall economic growth, while keeping pace with inflation. Vertical equity refers to the fairness in how taxes are distributed across different income levels. Redistributive effects refer to the impact of a tax on income inequality, and progressive taxation refers to a system where higher income earners pay a higher rate of taxation.

Which of the Following Terms Refers to the Ability of a Method