Which of the following is more likely to be effective in increasing the growth rate of real GDP?
A) temporary cuts in income taxes
B) permanent cuts in business taxes
C) a one-time personal income tax rebate
D) All cuts in taxes are equally likely to increase the growth rate of real GDP.
Answer: B
Economics
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The essence of the monetarists view on crowding out is that higher government spending which is not financed by new money creation simply
A) reduces private spending by an equal amount. B) decreases the demand for money. C) increases investment. D) increases aggregate demand in the in the long run.
Economics
Refer to the information above. Given this information, we know that effective labor (NA) grows at which rate?
A) 0 B) 1% C) 4% D) 5% E) 15%
Economics