If Planned Expenditure Is Below Output,as the Economy Approaches Equilibrium,________

question 10

Multiple Choice

If planned expenditure is below output,as the economy approaches equilibrium,________.

• A)planned expenditure is falling
• B)output is rising
• C)saving is rising
• D)all of the above
• E)none of the above

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Definitions:

U.S. Income Tax

A tax imposed by the U.S. government on the income generated by businesses and individuals within its jurisdiction.

FICA Tax

A federal payroll tax in the United States that funds Social Security and Medicare programs.

Progressive

A term that may refer to a system or policy where the rate increases as the taxable amount increases, often used in the context of taxation or a general approach promoting change or innovation.

State Government Revenue

The income received by state governments, which can come from taxes, fees, and other sources.