ECON 100 - Expansionary policies are policies designed
Question # 00304930
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Updated on: 06/04/2016 09:16 PM Due on: 07/04/2016
1. Expansionary policies are policies designed to:
A. Reduce the level of real GDP
B. Decrease Govt' spending
C. Increase the level of real GDP
D. Reduce the federal deficit
2.In order to ____________, a government must decrease spending and increase taxation.
A. increase aggregate demand
B. decrease aggregate supply
C. decrease aggregate demand
D. increase aggregate supply
3.As a result of an increase in the personal income tax rate, consumers are likely to:
A. spend less
B. spend more
C. Earn more money
D. Save more
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Solution: ECON 100 - Expansionary policies are policies designed