AP® Macroeconomics

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Moderate

Balanced Budget Criticism

APMACR-4XFK6M

Critics of a balanced budget feel that it would actually hurt the economy because raising taxes when revenues fall may

I. Cause further contraction of the economy

II. Decrease the number of available jobs

III. Increase output

A

I Only

B

II Only

C

III Only

D

I and II

E

II and III