The President and Congress
The President and Congress
true or false ....By 1740, all Colonial assemblies controlled taxes and spending and were able to initiate laws.
true
Taxes, and government spending. Increasing taxes will decrease consumption and supply. Lowering taxes will increase consumption and supply. Increasing government spending will increase national consumption, and decreasing government spending will decrease national consumption. The economics AD-AS model shows a visual representation of the effects of fiscal policy on the economy if you are further interested.
They increased defense spending and lowered taxes.
taxes
Taxes.
Taxes
no
taxes
Consumption, Investment, Government spending, and Net Taxes
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand