A reduction in current taxes must result in which of the following? lower future taxes higher government spending in the future some combination of lower government spending and higher future taxes only (a) and (c) are true

A reduction in current taxes must result in which of the following? lower future taxes higher government spending in the future some combination of lower government spending and higher future taxes only (a) and (c) are true

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 20RQ: Give some examples of changes in federal spending and taxes by the government that would be fiscal...

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5. A reduction in current taxes must result in which of the following?

		lower future taxes
		higher government spending in the future
		some combination of lower government spending and higher future taxes
		only (a) and (c) are true

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