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According to the Traditional View, If Taxes Are Cut Without

question 38

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According to the traditional view, if taxes are cut without a cut in government spending, then in the United States this situation will lead to net indebtedness on the part of the United States to foreign countries and net exports.


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The use of a word in a context that does not fit its meaning, often leading to confusion or misunderstanding.

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A problem or dispute arising from differing interpretations or violations of a formal agreement.

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