Which of the following is a category of fiscal policy?A) government policies regarding transfer payments and welfare benefitsB) government policies regarding the purchase of goods and servicesC) government policies regarding taxationD) all of the above Planned aggregate expenditure increases when ________ in the income-expenditure model.A) the government sector is excludedB) consumption is excludedC) the government sector is includedD) investment is excluded If output is greater than planned aggregate expenditure, there will beA) no change in inventories.B) a planned increase in inventories.C) an unplanned decrease in inventories.D) an unplanned increase in inventories. . During a recession, unemployment ________, tax revenue ________, and the budget deficit ________.A) rises; rises; fallsB) falls; falls; risesC) rises; falls; risesD) falls; rises; rises
Which of the following is a category of fiscal policy?
A) government policies regarding transfer payments and welfare benefits
B) government policies regarding the purchase of goods and services
C) government policies regarding taxation
D) all of the above
Planned aggregate expenditure increases when ________ in the income-expenditure model.
A) the government sector is excluded
B) consumption is excluded
C) the government sector is included
D) investment is excluded
If output is greater than planned aggregate expenditure, there will be
A) no change in inventories.
B) a planned increase in inventories.
C) an unplanned decrease in inventories.
D) an unplanned increase in inventories.
. During a recession,
A) rises; rises; falls
B) falls; falls; rises
C) rises; falls; rises
D) falls; rises; rises
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