If Congress Passed a One-Time Tax Cut in Order to Stimulate

question 59

Multiple Choice

If Congress passed a one-time tax cut in order to stimulate the economy in 2014,and tax rate levels returned to their pre-2014 level in 2015,how should this tax cut affect the economy?

• A)The tax cut would increase consumption spending less than would a permanent tax cut.
• B)The tax cut would increase consumption spending more than would a permanent tax cut.
• C)The tax cut would increase consumption spending by the same amount as would a permanent tax cut.
• D)The tax cut would raise the price level in 2014.

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Definitions:

Communication Plan

A strategic document that outlines how communication will be managed and executed within a project, organization, or campaign.

High-context Cultures

Societies or groups where communication relies heavily on underlying context, non-verbal cues, and the relationships among people more than on explicit words.

International Experience

Exposure to and understanding of different cultures, business practices, and global markets, often valued in professional contexts for its broadening perspective.

Face-to-face Interaction

Direct communication between two or more individuals in the same physical space, allowing for verbal and nonverbal exchange.