A contractionary fiscal policy
I. decreases a government budget deficit or increases a government budget surplus.
II. includes tax cuts.
III. may include discretionary cuts in transfer payments.
A) I, II, and III
B) I and II only
C) I and III only
D) II and III only
Correct Answer:
Verified
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
Q58: Suppose Congress increases the corporate profit tax
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:
Q64: Use the following to answer questions .
Exhibit:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents