Asked by
Jinsey Dowling
on Oct 13, 2024
Verified
If the economy experiences a recession,the federal government's tax receipts will
A) decrease.
B) remain the same.
C) fall to zero.
D) increase.
Tax Receipts
The cumulative sum of taxes gathered by a government from both companies and individuals.
Recession
A span of transitory economic worsening, seen in lessened trade and industrial efforts, often marked by a fall in GDP for two straight quarters.
- Scrutinize the impact that fiscal measures have on controlling unemployment and inflation.
Verified Answer
AM
Learning Objectives
- Scrutinize the impact that fiscal measures have on controlling unemployment and inflation.
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