The Kennedy administration endorsed substantial tax cuts because:
A) the unemployment rate was considered to be above its natural rate.
B) tax rates were very high, compared to tax rates today.
C) the economy was considered to be below its full employment level.
D) all of the above
Correct Answer:
Verified
Q54: Expansionary fiscal policy shifts the:
A) the short
Q55: Fiscal policy affects aggregate demand because:
A) government
Q56: Which of the following is considered as
Q57: Which of the following did not directly
Q58: The largest category of federal spending is:
A)
Q60: Which of the following is a federal
Q61: Federal spending consists of:
A) discretionary and mandatory
Q62: Recall Application 2, "The Confucius Curve?" to
Q63: The tax cuts enacted during the first
Q64: Federal discretionary spending
A) requires approval by the
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