Senator Spendital Made a Speech Deploring the Continuous Deficits in the Federal

True/False

Senator Spendital made a speech deploring the continuous deficits in the federal budget.He is proposing an increase in tax rates to raise more revenue for the government and thus gradually reduce the size of the national debt over a period of several years.The strategy Senator Spendital is proposing is a common type of monetary policy.
Level of Learning 3: Application of principles