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:

Earthworms

Terrestrial invertebrate worms belonging to the phylum Annelida, known for their role in aerating soil and breaking down organic matter.

Polychaetes

A class of annelid worms characterized by segmented bodies and paired, bristle-like appendages, commonly found in marine environments.

Leeches

Aquatic or terrestrial annelids that have a sucker at each end and are known for their ability to attach to and feed on the blood of animals.

Sandworms and Tubeworms

Diverse groups of worms, often marine, where sandworms usually refer to polychaete annelids and tubeworms can refer to several different taxa that live in protective tubes.