Economics Question:

How do tax cuts affect the economy?

Tweet Share WhatsApp

Answer:

Tax cuts improve the economy by giving the people more spending power and higher consumer confidence, which leads to them spending more of all of their income which leads to more jobs, more business investment in more efficient technologies, and ultimately higher GDP growth.

Download Economics PDF Read All 115 Economics Questions
Previous QuestionNext Question
Is there competition between the producers in Canada?What is the difference in changing the scope between a spiral approach and a waterfall approach?