Multiple Choice
In the long run,
A) the government's tax policies do not affect the rate of investment spending.
B) lower tax rates will have no effect on the average standard of living.
C) lower tax rates will lead to faster growth in the average standard of living.
D) higher tax rates will lead to slower growth in the average standard of living.
E) the debt and the deficit will converge to zero.
Correct Answer:
Verified
Correct Answer:
Verified
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