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Fiscal Policy: Taxes Flashcards
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Fiscal Policy: Taxes
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If expansionary taxation policies encourage growth, are they always appropriate to implement?
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No, government services could create inflation, which decreases the purchasing power of consumers.
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What gives the US government the power to collect taxes?
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the constitution
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1/10 Created by Destiny_McKendrick
Terms in this set (10)
If expansionary taxation policies encourage growth, are they always appropriate to implement?
No, government services could create inflation, which decreases the purchasing power of consumers.
What gives the US government the power to collect taxes?
the constitution
a sales tax is a type of
indirect tax
Under an expansionary taxation policy, the government tries to stimulate economic growth by
reducing taxes
High government expenditures can lead to a bigger
deficit
Under a contractionary taxation policy, the government can reduce the deficit by
increasing taxes
Which of these is most likely the US government's aim in taxing imported goods?
to protect domestic businesses
Which best describes how expansionary policies can facilitate economic growth?
they increase disposable income
The chart shows how two people with different incomes are taxed.
According to the chart, the citizens are being taxed _____.
proportionally
property taxes are usually determined based on
the value of the property
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Under an expansionary taxation policy, the government tries to stimulate economic growth by: a. increasing taxes b. reducing taxes c. increasing spending d. reducing spending
Answer to: Under an expansionary taxation policy, the government tries to stimulate economic growth by: a. increasing taxes b. reducing taxes c....
Fiscal policy
Under an expansionary taxation policy, the government tries to stimulate economic growth by: a....
Under an expansionary taxation policy, the government tries to stimulate economic growth by: a.... Question:
Under an expansionary taxation policy, the government tries to stimulate economic growth by:
a. increasing taxes b. reducing taxes
c. increasing spending
d. reducing spending
Tax:
The term tax in finance and economics can be defined as a legal financial charge that a person has to pay the ruling government as a part of their earned income. Paying of tax is mandatory for all persons.
Answer and Explanation:
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The correct option is b. Reducing taxes.
An expansionary tax policy is a kind of taxation policy that helps the economy to raise the level of real GDP...
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Learn more about this topic:
Fiscal Policy Tools: Government Spending and Taxes
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Chapter 13 / Lesson 2
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Learn about fiscal policy tools and how they impact the economy. Study fiscal policy examples, such as taxes, government spending, and transfer payments.
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[SOLVED] Under an expansionary taxation policy, the government tries to stimulate economic growth by
Under an expansionary taxation policy, the government tries to stimulate economic growth by reducing ... taxes. reducing demand. reducing spending.
[SOLVED] Under an expansionary taxation policy, the government tries to stimulate economic growth by
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[SOLVED] Under an expansionary taxation policy, the government tries to stimulate economic growth by 1 Answer Related questions
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