Author Question: What was the primary reason the Income Tax Amendment of 1913 was passed? (a) To pay off the ... (Read 64 times)

Arii_bell · **on:** Jun 30, 2018

What was the primary reason the Income Tax Amendment of 1913 was passed?

(a) To pay off the public debt accumulated during the Civil War (186165)
(b) To pay off the public debt accumulated during World War II (194145)
(c) To grant the federal government access to revenues beyond those from land sales,
customs and excise taxes
(d) To pay off the current account deficit

Question 2

In the face of an increase in oil prices, if the government's primary objective is to keep prices from falling, then policymakers should

a. reduce taxes.
b. reduce the money supply.
c. increase government spending.
d. increase aggregate supply through regulation.