Q.

During the recession of 2001,

A. There were a number of proposals for tax increases or spending cuts to stir the economy, but the failed due to worries about their effects on the already largedeficit
B. A series of tax cuts were passed, though the only occurred in late 2001
C. All the proposed tax and spending cuts were approved in order to motivate the economy and reduce the large deficit
D. The cyclical deficit increased but the structural deficit remained unchanged
Answer» B. A series of tax cuts were passed, though the only occurred in late 2001
953
0
Do you find this helpful?
10

View all MCQs in

Managerial Economics

Discussion

No comments yet