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In the circular flow model, balanced budget taxation results in which of the following outcomes? In the circular flow model, balanced budget taxation results in

In the circular flow model, balanced budget taxation results in which of the following outcomes?

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In the circular flow model, balanced budget taxation results in which ofthe following outcomes? Select one: Q a. Households have less money to spend, and firms sell less goods and services. 0 b. Households have less money to spend, but firms experience no change in their sale of goods and services. O c. Households experience no change in their ability to spend, and firms experience an increase in their ability to spend on goods and services. 0 d. Firms benefit from increased ability to spend on goods and services, but they have to pay more taxes

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