According to the Traditional Viewpoint of Government Debt, a Tax

Multiple Choice

According to the traditional viewpoint of government debt, a tax cut without a cut in government spending:

A) raises consumption in both the short run and the long run.
B) lowers consumption in both the short run and the long run.
C) raises consumption in the short run but lowers it in the long run.
D) lowers consumption in the short run but raises it in the long run.