Tax increases and government spending cuts by state governments during recessions often reduce the expansionary impact of fiscal policy by the federal government.
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Q98: The real burden of an increase in
Q99: A contractionary fiscal policy shifts the aggregate
Q100: Expansionary fiscal policy is so named because
Q104: The operational lag of fiscal policy refers
Q105: When the Federal government uses taxation and
Q106: The public debt is the accumulation of
Q107: The actual budget may be in deficit
Q108: When the Federal government takes budgetary action
Q163: Fiscal policy is mainly undertaken by the
Q169: The public debt is held as Treasury
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