In the long run,
a. the government's tax policies do not affect the rate of investment spending.
b. lower tax rates will have no effect on the average standard of living.
c. lower tax rates will lead to faster growth in the average standard of living.
d. higher tax rates will lead to slower growth in the average standard of living.
e. the debt and the deficit will converge to zero.
D
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Most of the money income that Americans receive annually derives from ownership of
A) interest-bearing bank accounts. B) personal attributes. C) political influence. D) real estate. E) stocks and bonds.
During the 1990s, Japan experienced periods of deflation and very low nominal interest rates, approaching zero percent. Why would lenders of money agree to a nominal interest rate of almost zero?
What will be an ideal response?
When pollution emissions can be measured taxation will tend to be more effective than any other method of controlling pollution
a. True b. False Indicate whether the statement is true or false
________: system whereby currency values are determined by market supply and demand conditions, with minimal government intervention
Fill in the blank(s) with correct word