An Increase in Taxes or a Decrease in Spending During

question 74

Multiple Choice

An increase in taxes or a decrease in spending during an economic expansion can

• A) increase the budget deficit but pay off some of the government debt.
• B) work to decrease the budget deficit and pay off some of the government debt.
• C) work to decrease the budget deficit but will not pay off any of the government debt.
• D) increase the budget deficit and increase the size of the government debt.
• E) work to decrease the budget deficit and increase the government debt.

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Definitions:

Voidable

Refers to a contract that is valid and enforceable unless challenged and declared void by a party to the contract who is deemed to have been disadvantaged or defrauded.

Fraudulent Misrepresentation

The intentional provision of false statements or concealment of information to deceive or mislead another party.

Objective

A specific goal or aim that is intended to be achieved, often measurable and time-specific.

Voluntary Consent

A term used to describe an individual's freely given agreement or permission, free from any form of duress or coercion.