Supply-side economic policies are designed to shift the aggregate supply curve to the left, whereas Keynesian economic policies focus on shifting the aggregate demand curve to the right during recessions and to the left during economic expansions.
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Q178: Fiscal policy is the manipulation of government
Q179: Using the aggregate demand and supply model,
Q180: The marginal propensity to consume (MPC) is
Q181: Supply-side fiscal policies focus on improving the
Q182: The tax multiplier equals 1 − spending
Q184: The Laffer curve represents the relationship between
Q185: The greater the marginal propensity to consume
Q186: If the marginal propensity to consume is
Q187: The size of the spending multiplier depends
Q188: The size of the spending multiplier depends
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