According to the traditional view, if taxes are cut without a cut in government spending, then in the United States this situation will lead to net indebtedness on the part of the United States to foreign countries and net exports.
A)more; more
B)more; fewer
C)less; fewer
D)less; more

Question

Quizplus · Accepted Answer

Cutting taxes without reducing government spending increases the budget deficit, leading to more borrowing from foreign countries and a decrease in net exports due to a stronger dollar.

According to the Traditional View, If Taxes Are Cut Without