Democrats Often Argue in Favor of What to Push the Economy

question 87

Multiple Choice

Democrats often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?

• A) Tax cuts
• B) Increase government spending
• C) Decrease government spending
• D) Encourage the public to save more

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Definitions:

Taxes

Necessary financial levies or assorted kinds of dues imposed on an individual by a governmental structure to facilitate government finance and numerous public investments.

Deadweight Loss

A decrease in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.

Tax

Mandatory charges imposed by governments on individuals or entities to fund public services and goods.

Deadweight Loss

An economic inefficiency resulting from a market not reaching equilibrium, where potential gains from trade are not fully realized.