Expansionary fiscal policy can cause a rise in real GDP in combination with
A) an increase in the price level.
B) a decrease in the price level.
C) no change in the price level.
D) a decrease in the price level if the aggregate supply curve is upward sloping.
Correct Answer:
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Q114: After September 11, 2001, President George W.Bush
Q115: Government transfer payments
A)are subtracted from national income
Q116: Figure 11-1 Q117: The Japanese economy is stuck in a Q118: Transfer payments are income that is Q120: If Congress votes to increase government purchases Q121: Suppose the federal government is considering alternatives Q122: Supply-side economists Q123: To eliminate an inflationary gap, the expenditure Q124: One of the practical issues in the
A)earned but
A)favor a smaller government.
B)favor higher marginal
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