Suppose Congress increases the corporate profit tax rates. This is an example of
A) discretionary fiscal policy of the expansionary variety.
B) automatic fiscal policy of the expansionary variety.
C) discretionary fiscal policy of the contractionary variety.
D) automatic fiscal policy of the contractionary variety.
Correct Answer:
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Q53: Which of the following describes a discretionary
Q54: Which of the following is an advantage
Q55: During an economic expansion,
A) higher income tax
Q56: Automatic stabilizers
A) increase the problems that lags
Q57: Expansionary fiscal policy includes
A) increasing taxes and
Q59: A contractionary fiscal policy
I. decreases a government
Q60: During a recession, rising transfer payments and
Q61: In the United States, most of the
Q62: A change in government purchases shifts the
Q63: Use the following to answer questions .
Exhibit:
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