If tax rates are raised to avoid a deficit during a recession, then
a. real GDP and deadweight loss from taxes will rise.
b. real GDP will rise and deadweight loss from taxes will fall.
c. real GDP will fall and deadweight loss from taxes will rise.
d. real GDP and deadweight loss from taxes will fall.
c
Economics
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A graph shows the wages of factory workers. The slope of the line is positive for periods when the wage rate is
A) falling. B) rising. C) high but not rising any higher. D) low.
Economics
In the United States today, how much gold will the Federal Reserve give you in exchange for $1?
A) 1 ounce of gold B) none C) 1/35th of an ounce of gold D) $1 worth of gold (based on the market price of an ounce of gold at the time you exchange the $1)
Economics