Which of the following is carried out in an expansionary fiscal policy? a. Higher taxes and higher government expenditure b. Lower taxes and higher government expenditure c. Higher taxes and lower government expenditure d. Lower taxes and lower government expenditure.
Which of the following is carried out in an expansionary fiscal policy? a. Higher taxes and higher government expenditure b. Lower taxes and higher government expenditure c. Higher taxes and lower government expenditure d. Lower taxes and lower government expenditure.
Chapter15: Fiscal Policy
Section: Chapter Questions
Problem 1SQ
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Question
Which of the following is carried out in an expansionary fiscal policy?
a.
Higher taxes and higher government expenditure
b.
Lower taxes and higher government expenditure
c.
Higher taxes and lower government expenditure
d.
Lower taxes and lower government expenditure.
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