If the government wants to jump-start the economy resulting in more consumer spending,it will raise taxes.
Level of Learning 2: Understanding of concepts and principles

Question

Quizplus · Accepted Answer

This statement is false. The government can jump-start the economy by lowering taxes, increasing government spending or implementing policies to encourage investment in businesses. Raising taxes generally reduces consumer spending and can slow down the economy.

If the Government Wants to Jump-Start the Economy Resulting in More