Explain whether each of the following results in a change in the cyclical deficit, or a change
Question:
(a) A cut in the tax rate aimed at reducing unemployment.
(b) The rise in taxes that occurs during an expansion.
(c) The higher defense spending associated with the Afghanistan war.
(d) The increase in unemployment compensation due to a rise in the unemployment rate.
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a The cut in the tax rate reduces the amount of tax revenues at natural real GDP Therefore it increa...View the full answer
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