The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will increase government spending
A) by more than the additional taxes and fees enacted under the law will bring in.
B) by less than 50 billion over the next decade.
C) by about 2 trillion over 10 years.
D) by more than 20 trillion dollars over the next 5 years.
Question 2
If the demand curve for a product is vertical, any tax increase on the product is paid for entirely by the consumer.
Indicate whether the statement is true or false
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