Federal Government Lowers Tax Rates

What will most likely result from the event in the headline?

*THE ECONOMY'S SLOWDOWN WILL BE EASED!* APEX!!!

Answer:

The economy's slowdown will be eased

Explanation:

Cutting taxes would slow down the economy and reduce future tax collection, deepening the recessionary scenario and worsening the country's fiscal picture over the medium term.

Rising public spending should have a modest effect on boosting economic growth because it is heavily concentrated in areas that drive economic productivity less than social programs. Even investment spending is directed to areas that do not necessarily expand the production capacity of the country.

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