Answer:
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Answer:
Tax cuts boost demand by increasing disposable income and by encouraging businesses to hire and invest more.
Tax increases do the reverse. These demand effects can be substantial when the economy is weak but smaller when it is operating near capacity.
Explanation:
How do taxes affect the economy in the long run? High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources. But tax cuts can also slow long-run economic growth by increasing deficits
I believe the answer is: scientific stage
In the scientific stage of societal develoment, people start to rely more on empirical evidence to drive their decision rather than religion or any forms of diety. In this stage of development, innovations would start to flourish and society tend to keep inventing things that increase their prosperity.
On May 11, 1846, President James Polk updated Congress on recent events concerning Texas. The emissary he sent to Mexico with an offer of cash in exchange for disputed lands was rudely rebuffed. Then, Mexicans opened fire on Americans at the Rio Grande River, killing 16. "War exists," Polk declared.
