The standard view in economics is that tax cuts without ________ will ________ the budget deficit resulting in ________
A) increasing spending; decrease; unemployment
B) spending cuts; decrease; unemployment
C) increasing spending; increase; crowding out investment
D) spending cuts; decrease; crowding out investment
E) spending cuts; increase; crowding out investment
E
You might also like to view...
When consumers or businessmen stop collecting information to make decisions at the point where marginal cost of data collection equals the marginal utility of the data, economists would call the decisions based on existing data
A. perfect decisions. B. optimally imperfect decisions. C. joint decisions. D. rent seeking.
The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221If the price of a hamburger decreases from $3 to $2, then the weekly market quantity of hamburgers supplied will
A. decrease from 9 to 5. B. increase from 5 to 13. C. decrease from 13 to 5. D. increase from 5 to 9.