A Significant Example of a Temporary Tax Cut Was the One

question 31

Multiple Choice

A significant example of a temporary tax cut was the one announced in 1992 by President George H. W. Bush. The effect of that tax cut on consumer spending and aggregate demand was

• A)zero.
• B)likely smaller than if the cut had been permanent.
• C)likely about the same as if the cut had been permanent.
• D)likely larger than if the cut had been permanent.

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Definitions:

Metamorphic Grade

The intensity of heat and pressure conditions that have altered a rock, affecting its mineral composition and structure during the process of metamorphism.

Banded Gneissic Rock

A metamorphic rock characterized by alternating light and dark mineral bands, indicating high-grade metamorphism.

Mica Crystals

Minerals characterized by their sheet-like structure and ability to split easily along flat planes, commonly found in igneous and metamorphic rocks.

Shiny Aspect

Characteristic of reflecting light, typically because of a smooth, polished surface that appears bright or glistening.