Asked by
PHUMLA PETIENCE MPEPESI
on Oct 13, 2024Verified
Two ways to lower the deficit are to
A) raise taxes and raise government spending.
B) lower taxes and lower government spending.
C) raise taxes and lower government spending.
D) lower taxes and raise government spending.
Lower Deficit
A reduction in the amount by which a government's spending exceeds its revenue.
Raise Taxes
The act of increasing the amount of money the government requires citizens or businesses to pay on their income, property, or purchases.
- Identify measures to manage and reduce fiscal deficits.
- Understand the roles of taxes and government spending in fiscal policy.
Verified Answer
NF
Learning Objectives
- Identify measures to manage and reduce fiscal deficits.
- Understand the roles of taxes and government spending in fiscal policy.