Rate of economic growth in the united states

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Reference no: EM131022816

Briefly explain which of the following policies are likely to increase the rate of economic growth in the United States.

a. Congress passes an investment tax credit, which reduces a firm's taxes if it installs new machinery and equipment.

b. Congress passes a law that allows taxpayers to reduce their income taxes by the amount of state sales taxes they pay.

c. Congress provides more funds for low-interest loans to college students.

Reference no: EM131022816

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