How does Congress lowering the tax rate increase consumer spending?

History

2 answers:

dusya [7]2 years ago

5 0

Answer:

When the economy is weak, for example, the federal reserve tries to boost consumer and business demand by cutting interest

I hope it helps

Scilla [17]2 years ago

3 0

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Drag each cause of the Great Depression to the correct category. Use each cause only once.

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Stock market crash of 1929:it was one of the major causes that lead to great depression
Bank failures:9000 banks failed and people lost their savings
Reduction in purchasing:With the crash in the stock market people got scared and their purchasing power reduced a lot.
Reduction in production :Less purchasing power of people had a great impact on production.
American economic policies with Europe:In order to protect American companies ,new policies were introduced a high tax was charged on imports which reduces trade with other countries.
Drought:In 1930 drought occurred in Mississippi.Due to which people were not able to pay the taxes and they had to sell their farms.

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