If personal taxes are cut temporarily, the resulting
a. increase in personal saving would be larger than if they were cut permanently.
b. decrease in personal saving would be larger than if they were cut permanently.
c. decrease in personal saving would be smaller than if they were cut permanently.
d. increase in personal saving would be smaller than if they were cut permanently.
d
Economics
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After experiencing its first budget surplus in 30 years in 1998, for how many consecutive years following that did the budget remain in a surplus state?
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The demand curve for reserves is:
A) downward sloping. B) upward sloping. C) vertical. D) horizontal.
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