As long as tax rates are not very high, a decrease in tax rates will tend to a. increase the budget deficit b. decrease the budget deficit c. leave the budget deficit unchanged d. cause the budget deficit to first decrease then increase
As long as tax rates are not very high, a decrease in tax rates will tend to a. increase the budget deficit b. decrease the budget deficit c. leave the budget deficit unchanged d. cause the budget deficit to first decrease then increase
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section11.1: The Federal Budget
Problem 4ST
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As long as tax rates are not very high, a decrease in tax rates will tend to
a. increase the budget deficit
b. decrease the budget deficit
c. leave the budget deficit unchanged
d. cause the budget deficit to first decrease then increase
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