Which of the following is most important for long-run growth and a healthy economy?
a. a low rate of household savings and a high rate of consumption
b. a high rate of both savings and consumption
c. a high rate of government expenditures financed by borrowing
d. high tax rates and budget surpluses
B
Economics
You might also like to view...
If the money prices of resources changes
A) the LAS curve shifts. B) the SAS curve shifts. C) the AD curve shifts. D) the macroeconomic equilibrium is unaffected.
Economics
If two families are equally situated except that one rents and the other owns their home, the existing tax system will lead to
a. vertical inequity. b. equal treatment of both. c. horizontal inequity. d. equal burden sharing.
Economics