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If taxes are increased, will most people save more or less than before? Does national saving rise or fall? Explain.
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- If taxes are reduced , will most people save more or less than before ? Does national saving rise or fall? Explain .How does tax cuts encourage saving and investmentThe savings rate in a country is 25%. The government wants to expand GDP by $300 Billion. How much must they increase Government spending to reach that goal?
- Do tax cuts increase economic growth and taxable income so much that tax revenue increases?How does government spending pose a challenge to a business? And to the wider economy?When the government budget deficit rises, national saving is reduced, interest rates rise, and investment falls. Select one: a. True b. False
- Can government spending that causes crowding out be detrimental to long-run economic growth?What are THREE public policies that can stimulate employment and facilitate economic growth in an economy?What are some reasons that the economy might be in a recession, and what is the appropriate government action to alleviate the recession?
