31. Because incomes, earnings, and profits all fall during a recession, the government collects ____________ in taxes.

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31. Because incomes, earnings, and profits all fall during a recession, the government collects ____________ in taxes. This reduced tax burden partially ____________ any contractionary fall in aggregate demand.

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 30, 2024 08:00 AM

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31. Because incomes, earnings, and profits all fall during a recession, the government collects ____________ in taxes.

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Exploring Macroeconomics

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