A "Conservative" Would Most Likely Argue in Favor of

question 47

Multiple Choice

A "conservative" would most likely argue in favor of

• A)tax increases when fiscal stimulus is necessary, and spending cuts when fiscal restraint is necessary.
• B)tax cuts when fiscal restraint is necessary, and spending cuts when fiscal stimulus is necessary.
• C)tax cuts when fiscal stimulus is necessary, and spending cuts when fiscal restraint is necessary.
• D)spending increases when fiscal expansion is necessary, and tax increases when fiscal stimulus is necessary.

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Definitions:

Agricultural Output

The total quantity of agricultural products produced, including crops and livestock.

More Developed

More developed describes countries or regions with high levels of industrialization, infrastructure, and standard of living.

Less Populated

A term describing areas or regions with a low density of inhabitants compared to others.

Capital Formation

The process of building up a stock of physical and financial assets in an economy, typically through savings and investments.