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Mandolina Mandolina
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7 years ago
A deficit financed increase in spending for education may be less burdensome to taxpayers than an equal-sized increase in spending for higher Social Security benefits. This is because
A) the increase in education spending may help to boost future incomes and the capacity to pay future taxes.
B) the increase in social security benefits is likely to be saved so it won't stimulate the economy.
C) deficit-financed education spending does not add to the public debt.
D) everyone loves school teachers and children.
E) crowding out tends to dampen the expansionary effect of education spending.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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7 years ago
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Mandolina Author
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#2
7 years ago
Makes a ton of sense now Smiling Face with Open Mouth
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