What kind of active fiscal policy was implemented in early 2008 in response to a slowing economy?
A) decreased government spending on infrastructure
B) increased government spending on infrastructure
C) increased tax rates to the rich aimed at closing the budget deficit
D) tax rebates and investment incentives
Correct Answer:
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Q4: Recall Application 2, "The Confucius Curve?" to
Q5: During the 1930s, politicians did not use
Q6: In fiscal policy, the inside lags can
Q7: Contractionary fiscal policy shifts the:
A) the short
Q8: Which of the following contributed to the
Q10: According to the Laffer curve, higher tax
Q11: The length of time that the U.S.
Q12: Customs duties are:
A) taxes levied on nonresidents
Q13: Successful stabilization policies are very difficult to
Q14: The federal budget works as an automatic
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