During a recession, the income tax paid by people _____, and transfer payments in the form of unemployment insurance:

Name: During a recession, the income tax paid by people _____, and transfer payments in the form of unemployment insurance:
Brand: Quizplus
Rating: 4.8 (65 reviews)

Question

Quizplus · Accepted Answer

During a recession, people's income generally decreases, leading to lower income tax payments. At the same time, unemployment typically rises, resulting in an increase in transfer payments like unemployment insurance.

During a Recession, the Income Tax Paid by People _____