When the government reduces taxes, which of the following decrease, everything else being the same?
A) consumption
B) take-home pay
C) household saving
D) government surplus
Correct Answer:
Verified
Q73: Suppose the closed economy is in long-run
Q81: If the federal government cuts spending to
Q154: What do supply-side economists focus more on
Q156: Suppose the closed economy is in long-run
Q157: Supply-side economists believe that changes in government
Q159: Supply-side economists believe that a reduction in
Q160: Most economists believe that fiscal policy affects
Q161: Which of the following statements do opponents
Q162: Which of the following policies would stabilization
Q163: When making a case against active stabilization
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents