To lower output, the federal government engages in _____ fiscal policy, which _____ government spending and _____ taxes. options: a) expansionary; lowers; raises b) contractionary; raises; lowers c) expansionary; raises; lowers d) contractionary; lowers; raises..

To lower output, the federal government engages in ___ fiscal policy, which _ government spending and ___ taxes. options: a) expansionary; lowers; raises b) contractionary; raises; lowers c) expansionary; raises; lowers d) contractionary; lowers; raises..

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

To lower output, the federal government engages in _____ fiscal policy, which _____ government spending and _____ taxes.

options:

a) expansionary; lowers; raises

b) contractionary; raises; lowers

c) expansionary; raises; lowers

d) contractionary; lowers; raises..

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