After September 11, 2001, President George W.Bush believed in the need for a fiscal stimulus.The proper fiscal policy to reflect this could include a(n)
A) increase in taxes.
B) reduction in transfer payments.
C) increase in government purchases.
D) All of the above are correct.
Correct Answer:
Verified
Q109: Figure 11-1 Q110: Government transfer payments act as automatic stabilizers Q111: In macroeconomic analysis, a transfer payment is Q112: An increase in Social Security payments to Q113: In the determination of disposable income, transfer Q115: Government transfer payments
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A)are subtracted from national income
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