Directory
References
Discover
boom
economics
Learn about this topic in these articles:
government finance
- In government economic policy: Stabilization policy problems
During booms, tax revenues rise and the need for expenditures on unemployment compensation decreases, channeling a larger proportion of the national income into government coffers; these effects are accentuated if the tax system is progressive because tax revenues rise more rapidly than money incomes. Provided that…
Read More