Answered

If the federal deficit was $3 trillion, economic growth was 2%, and the unemployment rate was 10%, a functional finance economist would suggest increasing taxes in order to balance the budget.

True
False



Answer :

GinnyAnswer

Final answer:

A functional finance economist would not recommend increasing taxes to balance the budget.


Explanation:

False. A functional finance economist would not suggest increasing taxes in this scenario. They would likely advocate for deficit spending to boost economic growth and reduce unemployment, prioritizing the overall health of the economy over balancing the budget immediately.


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