Fiscal policy is the use of taxes, government transfers, or government purchases to shift the aggregate demand curve.
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Q274: Medicare covers much of the cost of
Q275: Lyndon Johnson's tax surcharge was an expansionary
Q276: The marginal propensity to consume is the
Q277: Increased government transfers constitute contractionary fiscal policy.
Q278: When faced with a recessionary gap, the
Q280: If the marginal propensity to consume is
Q281: Discretionary government spending is an automatic stabilizer.
Q282: Automatic stabilizers are government spending and taxation
Q283: The multiplier effect of an increase in
Q284: For a marginal propensity to consume of
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