The United States loses 2 million jobs over a two-year period. The federal governments income tax revenues
Fantastic news! We've Found the answer you've been seeking!
Question:
The United States loses 2 million jobs over a two-year period. The federal government’s income tax revenues decline as a result, and the economy begins to go into a downturn. Which action describes a Keynesian response to this scenario?
A Lower taxes on the middle class and expand government transportation projects.
B Sell a large amount of bonds to increase government spending.
C Raise taxes on corporate profits, and cut social welfare spending.
D Reduce interest rates on government loans to stimulate borrowing.
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
Posted Date: