Which statement regarding The future economic situation of the United States is most accurate? Which is the correct answer? The current taxation rate and government budget will allow the budget deficit to be paid down at a slow rate.To keep the debt from increasing the tax rate must be decreased to stimulate spending.Recent legislation to decrease the budget deficit through tax increases and reducing the federal budget has beenapproved by Congress.() An increase in inflation or interest rates would be a detriment to a long-term plan to decrease the budget deficit.Because recessions move in a cycle, a future recession that would hamper decreasing the national debt isunlikely to occur.

Economic system: It refers to the system under which government try to allocate resources. The…

Answered: Which statement regarding The future…

Which statement regarding The future economic situation of the United States is most accurate? Which is the correct answer?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which statement regarding The future economic situation of the United States is most accurate? Which is the correct answer?

The current taxation rate and government budget will allow the budget deficit to be paid down at a slow rate.
To keep the debt from increasing the tax rate must be decreased to stimulate spending.
Recent legislation to decrease the budget deficit through tax increases and reducing the federal budget has been
approved by Congress.
() An increase in inflation or interest rates would be a detriment to a long-term plan to decrease the budget deficit.
Because recessions move in a cycle, a future recession that would hamper decreasing the national debt is
unlikely to occur.

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