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There are several possible impacts that tax increases can have on an economy. Consumer spending is often considered one of the most important signs of economic health in the United States (U.S.). When consumers are buying goods and services, businesses make profits and may expand, which can further create economic activity.
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The meaning of velocity of an object can be defined as the rate of change of the object’s position with respect to a frame of reference and time. It might sound complicated but velocity is basically speeding in a specific direction. It is a vector quantity, which means we need both magnitude (speed) and direction to define velocity.
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