When the government decreases taxes:

the economy prospers.

the economy slows down.

consumers are not affected.

none of these

Question

Business

Cheese

22 December, 22:46

When the government decreases taxes:

the economy prospers.

the economy slows down.

consumers are not affected.

none of these

+4

Answers (1)

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Colten · Answer 1

The answer is none of the choices given. The decrease in taxes by the government allows disposable incomes increases, translating to a higher demand/spending and increase in the production or so called GDP. Lowering the taxes is the prescription for a sluggish economy.

When the government decreases taxes:the economy prospers.the economy slows down.consumers are not affected.none of these

When the government decreases taxes:

the economy prospers.

the economy slows down.

consumers are not affected.

none of these