The experience of the 1930s indicates that substantial tax increases during a severe recession will result in
What will be an ideal response?
a reduction in output and employment.
Economics
You might also like to view...
A binding price ceiling is designed to:
a. increase efficiency. b. raise the price above the equilibrium price. c. keep the price below the equilibrium price. d. generate a surplus
Economics
If in the market for bananas the supply curve has shifted to the right, then
A) the supply of bananas has decreases. B) the quantity of bananas supplied has decreased. C) the quantity of bananas supplied has increased. D) the supply of bananas increased.
Economics