An expansionary fiscal policy
I. includes an increase in government spending.
II. includes tax cuts.
III. increases a government budget deficit or reduces a government budget surplus.
A) I, II, and III
B) I and II only
C) I and III only
D) II and III only
Correct Answer:
Verified
Q40: Personal income taxes and transfer payments
A) acts
Q41: Discretionary fiscal policy refers to
A) deliberate government
Q42: Changes in expenditures and taxes that occur
Q43: Contractionary fiscal policy includes
A) increasing taxes and
Q44: During a contraction,
A) higher income tax revenues
Q46: In general, personal income taxes
A) rise automatically
Q47: Automatic stabilizers are considered
A) discretionary fiscal policies.
B)
Q48: Which of the following describes a discretionary
Q49: During a recession, unemployment insurance ensures that
A)
Q50: In 2003, Congress passed a substantial cut
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