Which of the following is not an example of fiscal policy?
A) The Federal Reserve cuts interest rates to stimulate the economy in a recession.
B) The government increases spending on infrastructure development.
C) Congress passes new legislation, cutting the corporate income tax.
D) During an economic expansion, the state of New York collects higher payroll taxes.
Correct Answer:
Verified
Q1: If the government wished to shift aggregate
Q2: Disposable income is:
A) total income minus taxes.
B)
Q4: If the government increases the income tax
Q5: Expansionary fiscal policy refers to decisions about
Q6: If the government were to decrease spending,
Q7: If the government increases the income tax
Q8: If congressional policymakers aim to increase aggregate
Q9: If the government decreases the income tax
Q10: The government can enact expansionary fiscal policy
Q11: Fiscal policy most directly affects the economy
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