Which of the following policies should not be used to close a recessionary gap?
A) Increases in government spending
B) Tax cuts
C) Increases in transfer payments
D) An income tax surcharge
Correct Answer:
Verified
Q197: Fiscal policy revolves around the
A)federal budget.
B)money supply.
C)national
Q198: When the economy begins to slip into
Q199: Nondiscretionary fiscal policy
A)multiplies declines in aggregate demand.
B)multiplies
Q200: Statement I: If we exactly balance the
Q201: When the federal government's budget is in
Q203: Between 1992 and 2000,the federal deficit
A)declined by
Q204: Deliberate changes in government expenditures and taxes
Q205: The multiplier effect tends to
A)decrease upswings and
Q206: If full employment GDP is greater than
Q207: The federal debt
A)is the current total of
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