Author Question: A balanced budget would not affect income because an increase in government spending is exactly ... (Read 108 times)

tichca · **on:** Jun 30, 2018

A balanced budget would not affect income because an increase in government spending is exactly matched by an increase in taxes.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following would lead to a decrease in the supply of watches?
a. An increase in the price of watches
b. A decrease in the price of watches
c. A decrease in the expected future price of watches
d. None of the above