A recessionary gap can be closed by which of the following?
A) An increase in government spending
B) A decrease in taxes
C) An increase in transfer payments
D) All of the choices are correct
Correct Answer:
Verified
Q185: Discretionary fiscal policy entails
A)automatic changes in spending
Q186: A budget deficit is the
A)annual excess of
Q187: Automatic stabilizers
A)are a form of nondiscretionary fiscal
Q188: Which of the following has the effect
Q189: If government spending equals tax revenue,the government
Q191: As a result of the action of
Q192: Statement I: If we run a federal
Q193: The public debt
A)refers to the debts of
Q194: Which one of the following would be
Q195: During the recession in 2001,President Bush extended
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