if expansionary taxation policies are left unchecked, which is the most likely result?\no reduced profits\no…
if expansionary taxation policies are left unchecked, which is the most likely result?\no reduced profits\no high inflation\no reduced production\no reduced disposable income
Answer
Brief Explanations:
Expansionary taxation policies involve reducing taxes. This increases disposable income, which can lead to higher consumer spending. Excessive spending without corresponding increases in production can cause high inflation. Reduced profits are not a direct result. Reduced production is not typical as the economy is stimulated. Disposable income actually increases initially.
Answer:
high inflation