An expansionary fiscal policy shifts the aggregate demand curve Select one: a. to the right and is used to close an inflationary gap. b. to the right and is used to close a recessionary gap. c. to the left and is used to close an inflationary gap. d. to the left and is used to close a recessionary gap.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter18: Debates In Macroeconomics Over The Rolse And Effects Of Government
Section: Chapter Questions
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An expansionary fiscal policy shifts the aggregate demand curve Select one:
a. to the right and is used to close an inflationary gap.
b. to the right and is used to close a recessionary gap.
c. to the left and is used to close an inflationary gap.
d. to the left and is used to close a recessionary gap.
Transcribed Image Text:An expansionary fiscal policy shifts the aggregate demand curve Select one: a. to the right and is used to close an inflationary gap. b. to the right and is used to close a recessionary gap. c. to the left and is used to close an inflationary gap. d. to the left and is used to close a recessionary gap.
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