During a recession, unemployment ________, tax revenue ________, and the budget deficit ________.

Question

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During a recession, companies may lay off workers, leading to a rise in unemployment. As a result, fewer people are paying income taxes, leading to a fall in tax revenue. At the same time, the government may need to increase spending to try to stimulate the economy, leading to a rise in the budget deficit.

During a Recession, Unemployment ________, Tax Revenue ________, and the Budget

During a Recession, Unemployment , Tax Revenue , and the Budget