Raising taxes or increasing transfer payments would reduce total spending.

Name: Raising taxes or increasing transfer payments would reduce total spending.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Raising taxes or increasing transfer payments can have different effects on total spending. Higher taxes can reduce disposable income and spending, while increased transfer payments can boost spending by providing more income to recipients. The net effect depends on the balance between these two actions.

Raising Taxes or Increasing Transfer Payments Would Reduce Total Spending