Suppose the government increased marginal tax rates from 30 percent to 50 percent.This would be an example of
A) crowding out.
B) demand-side economics.
C) an expansionary fiscal policy.
D) a contractionary fiscal policy.
Correct Answer:
Verified
Q64: Figure 11-2 Q65: When private expenditures decrease as a result Q66: A recent government proposal to increase marginal Q67: The possibility of indirect crowding out suggests Q68: The crowding out effect is usually associated Q70: According to supply-side economists,lower marginal tax rates Q71: According to the new classical economists,increases in Q72: When interest rates decrease in Canada,the value Q73: If increased government spending has no effect Q74: Supply side economics refers to
A)attempts at increasing
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