All of the following are likely to be effective at eliminating a recessionary gap except one. Which is the exception? a. Reducing personal income taxes O b. Increasing government expenditures on the interstate highway network O . Reducing Social Security payments to beneficiaries d. Increasing farm subsidies e. Reducing corporate income taxes

What happens if there is an increase in the budget deficit? O O Raise the real Interest rate and decline the quantity of loanable funds demanded for Investment Lower the real Interest rate and decrease the quantity of loanable funds demanded for Investment. Lower the real Interest rate and increase the quantity of loanable funds demanded for Investment. Raise the real Interest rate and increase the quantity of loanable funds demanded for Investment. Reset Answer

Fill in the blanks: _______________     ___________ = income received but no goods are produced in exchange.   ________________, ____________________, and durable goods are the three categories of Consumption Expenditures.  ______________  Domestic Product = GDP minus depreciation.

If Congress wanted to help the economy out of a recession, they would be most likely to: check all that apply increase interest rates reduce government spending O increase transfer payments O decrease taxes