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Fill in the Blanks Type your answers in all of the blanks and submit You read the following headline in the newspaper: "Following an expansion of military efforts, the consumer price index increased by 5% in the past year." Please assess if (a) this is fiscal or monetary policy (b) the policy is contractionary or expansionary (c) GDP will increase or decrease (d) Unemployment will increase or decrease This is Type your answer here (fiscal/monetary) policy. This policy is Type your answer here (expansionary/contractionary). It will lead to a(n) Type your answer here (increase/decrease) of GDP while unemployment will tend to Type your answer here (increase/decrease).

Fill in the Blanks Type your answers in all of the blanks and submit You read the following headline in the newspaper: "Following an expansion of military efforts, the consumer price index increased by 5% in the past year." Please assess if (a) this is fiscal or monetary policy (b) the policy is contractionary or expansionary (c) GDP will increase or decrease (d) Unemployment will increase or decrease This is Type your answer here (fiscal/monetary) policy. This policy is Type your answer here (expansionary/contractionary). It will lead to a(n) Type your answer here (increase/decrease) of GDP while unemployment will tend to Type your answer here (increase/decrease).

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
Problem 1CQ
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Fill in the Blanks Type your answers in all of the blanks and submit You read the following headline in the newspaper: "Following an expansion of military efforts, the consumer price index increased by 5% in the past year." Please assess if (a) this is fiscalor monetary policy (b) the policy is contractionary or expansionary (c) GDP will increase or decrease (d) Unemployment will increase or decrease This is Type your answer here (fiscal/monetary) policy. This policy is Type your answer here (expansionary/contractionary). It will lead to a(n) (increase/decrease) of Type your answer here GDP while unemployment will tend to Type your answer here (increase/decrease).
Transcribed Image Text:Fill in the Blanks Type your answers in all of the blanks and submit You read the following headline in the newspaper: "Following an expansion of military efforts, the consumer price index increased by 5% in the past year." Please assess if (a) this is fiscalor monetary policy (b) the policy is contractionary or expansionary (c) GDP will increase or decrease (d) Unemployment will increase or decrease This is Type your answer here (fiscal/monetary) policy. This policy is Type your answer here (expansionary/contractionary). It will lead to a(n) (increase/decrease) of Type your answer here GDP while unemployment will tend to Type your answer here (increase/decrease).
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