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Assume the government is running a budget deficit. Should the government raise taxes to balance the budget?

Assume the government is running a budget deficit. Should the government raise taxes to balance the budget? Should the government decrease spending to balance the budget (must pick one or both). What are the pros and cons of each action?

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Assume the government is running a budget deficit. Should the government raise taxes to
balance the budget? Should the government decrease spending to balance the budget
(must pick one or both)....

Sign up to view the full answer

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