Examlex
Which of the following would indicate the beginning of a recessionary phase in an economy?
Tax Increase
The government's act of raising the amount required to be paid on earnings, purchases, or property to generate revenue for public projects and services.
Revenue Enhancements
Euphemistic term for measures aimed at increasing governmental income, typically through raising taxes or fees.
Federal Government
The national government of a federation, which holds authority over the entire territory, distinguishing it from state or local governments.
Ronald Reagan
The 40th President of the United States (1981–1989), known for his conservative policies, economic reforms, and role in ending the Cold War.
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