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The President and Congress

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Who controlled the spending of taxes of America?

The President and Congress


True or false By 1740 all Colonial assemblies controlled taxes and spending and were able to initiate laws?

true or false ....By 1740, all Colonial assemblies controlled taxes and spending and were able to initiate laws.


By 1740 all Colonial assemblies controlled taxes and spending and were able to initiate laws TRUE?

true


How is fiscal policy controlled?

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.


What did Ronald Reagans economic policies do?

They increased defense spending and lowered taxes.


Most of the federal governments spending money comes from?

taxes


How government gets money for its spending?

Taxes.


Where does most of the governments spending money come from?

Taxes


Do you owe taxes on unused flexible spending dollars?

no


How do government priorities affect government spending?

taxes


What are four types of spending that represent the AD curve?

Consumption, Investment, Government spending, and Net Taxes


In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?

No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand