Classical economists think that lump-sum tax changes
A) should be used to smooth business cycles.
B) have a powerful effect on the economy.
C) affect aggregate demand after a lag.
D) have no effect because of Ricardian equivalence.
Correct Answer:
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Q28: The current deficit minus net interest is
Q29: All of the following are government capital
Q30: An example of an automatic stabilizer is
A)consumer
Q31: A decrease in the marginal tax rate,with
Q32: A decrease in the average tax rate,with
Q34: The following data describe government spending and
Q35: The political process by which fiscal policy
Q36: Government capital consists of
A)money owned by the
Q37: Since 1960,the only period of several years
Q38: Because of automatic stabilizers,in recessions the government
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