The impact of a change in taxes on income is likely to be less than the effect resulting from a change in government spending since ________

A) the federal government typically operates in a deficit situation
B) exports and imports can only assume positive values, but net exports can be positive or negative
C) changes in the supply of money will be necessary if government spending is increased
D) changes in taxes exert an indirect impact on total spending through changes in consumption

D

Economics

You might also like to view...

Higher productivity is the most direct route to higher living standards

a. True b. False

Economics

Nondiscriminatory firms hiring in the market place have a cost advantage

a. True b. False Indicate whether the statement is true or false

Economics