If taxes are lowered, we can expect supply-side economists to support the decision to do so because a. government revenues will increase in the long run. b. government spending will decrease in the long run. c. the government will spend more in the short run. d. economic growth cannot occur without it.
If taxes are lowered, we can expect supply-side economists to support the decision to do so because a. government revenues will increase in the long run. b. government spending will decrease in the long run. c. the government will spend more in the short run. d. economic growth cannot occur without it.
Chapter24: Fiscal Policy
Section: Chapter Questions
Problem 3P
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Question
If taxes are lowered, we can expect supply-side economists to support the decision to do so because
a. |
government revenues will increase in the long run. |
|
b. |
government spending will decrease in the long run. |
|
c. |
the government will spend more in the short run. |
|
d. |
|
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