Tax cuts
a. can easily target investment spending, but investment spending falls by only a small percentage during recessions.
b. can easily target investment spending, which falls by a large percentage during recessions.
c. cannot easily target investment spending, but investment spending falls by only a small percentage during recessions.
d. cannot easily target investment spending, which falls by a large percentage during recessions.
b
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Which of the following is a Pareto improvement?
A) A monopolist loses its monopoly when a government policy allows another firm to enter the market, resulting in lower prices and higher quantity available for consumers. B) A government policy is implemented that results in the middle class being better off, and the very rich only have to pay a little bit more in taxes. C) A government policy removes a market failure. D) None of the above.
One would expect people who work the night shift to have higher wages than their day-shift counterparts.
Answer the following statement true (T) or false (F)
Explain how discouraged workers either overstate or understate the unemployment problem.
What will be an ideal response?
The stock market, banks, and savings and loans are three examples of institutions that economists would classify as belonging to the financial
A. capital market. B. savings markets. C. labor market. D. investment market.