When aggregate demand shifts because of expansionary fiscal policy, then the impact of the fiscal policy for:
A) increasing GDP will be weakened by an increase in the price level.
B) increasing GDP will be strengthened by the decrease in the price level.
C) decreasing GDP will be strengthened if crowding out occurs.
D) increasing GDP will be weakened if crowding out occurs.
Correct Answer:
Verified
Q43: If the government adopts an expansionary fiscal
Q44: Suppose the United States pursued an expansionary
Q45: Whether crowding out occurs is most likely
Q46: An expansionary fiscal policy may be:
A) offset
Q47: What real or potential economic problem is
Q49: A government budget deficit occurs when government
Q50: The public debt is the:
A) difference between
Q51: How is the public debt calculated?
A) By
Q52: To track the interest on the public
Q53: In 2015, the public debt was about:
A)
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