During an Expansion, Tax Revenues ________, While During a Recession

question 218

Multiple Choice

During an expansion, tax revenues ________, while during a recession, tax revenues ________.

• A) decrease; increase
• B) increase; decrease
• C) remain stable; decrease
• D) fail to cover expenditures; fail to match transfer payments

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Definitions:

Sloppy

Lacking care, precision, or neatness in execution or appearance.

Assertive

The quality of being confident and self-assured in stating one's opinions or needs directly and respectfully.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, contrasting with introversion.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.