Tax revenues _________during recessions and _________during expansions.

Name: Tax revenues _________during recessions and _________during expansions.
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Question

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During recessions, people generally have less income, so they spend less and earn less, which leads to a decrease in tax revenues for the government. On the other hand, during expansions, people have more income and spend more, which leads to an increase in tax revenues for the government.

Tax Revenues _________During Recessions and _________During Expansions

Tax Revenues _During Recessions and _During Expansions