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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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9 years ago
If Congress passed a one-time tax cut in order to stimulate the economy in 2014, and tax rate levels returned to their pre-2014 level in 2015, how should this tax cut affect the economy?
A) The tax cut would increase consumption spending less than would a permanent tax cut.
B) The tax cut would increase consumption spending more than would a permanent tax cut.
C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut.
D) The tax cut would raise the price level in 2014.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 1140 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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9 years ago
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Tidy Author
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9 years ago
Good timing, thanks!
cipcal
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sweetalia
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2 hours ago
Just got PERFECT on my quiz
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