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25 December, 11:35

The Federal Government's practice of spending more than it takes in results in

a. greater dependence on regressive taxes than on progressive taxes.

b. deficit financing.

c. low interest rates.

d. longer fiscal years.

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Answers (1)
  1. 25 December, 11:48
    0
    B. deficit financing

    Deficit means the amount is too small and financing is the providing of funds.
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