Balancing the government's budget each year would
A) allow tax rates to remain constant from year to year
B) reduce uncertainty over future tax rates and net income
C) exacerbate recessions
D) stabilize short run GDP
E) generate smaller economic distortions than a policy of countercyclical deficits and surpluses
Correct Answer:
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Q19: The problem with public goods is that
A)
Q20: In most developed economies,public spending on national
Q21: By the start of the 21st century,the
Q22: When government runs a budget deficit,
A) interest
Q23: The efficiency argument for tax smoothing is
Q24: The next questions refer to the following.
Suppose
Q25: Since World War II,with the exception of
Q26: According to the Laffer Curve
A) Tax revenue
Q27: The shortfall between tax receipts and government
Q28: Which of the following was not a
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