Economy, asked by juliadestiny, 16 days ago

14
• Explain how a reduction in taxation can help to achieve any two
macroeconomic aims of a government?

Answers

Answered by suhani1879
1

Answer:Lower income tax rates increase the spending power of consumers and can increase aggregate demand, leading to higher economic growth (and possibly inflation). On the supply side, income tax cuts may also increase incentives to work – leading to higher productivity.

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