You read the following headline in the newspaper: "Lower tax rates have led to an increase in housing starts." 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 blank1 - Word Answer Write your response here... (fiscal/monetary) policy. This policy is blank2 - Word Answer Write your response here... (expansionary/contractionary). It will lead to a(n) blank3 - Word Answer Write your response here... (increase/decrease) of GDP while unemployment will tend to blank4 - Word Answer Write your response here... (increase/decrease).
You read the following headline in the newspaper: "Lower tax rates have led to an increase in housing starts." 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 blank1 - Word Answer Write your response here... (fiscal/monetary) policy. This policy is blank2 - Word Answer Write your response here... (expansionary/contractionary). It will lead to a(n) blank3 - Word Answer Write your response here... (increase/decrease) of GDP while unemployment will tend to blank4 - Word Answer Write your response here... (increase/decrease).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
You read the following headline in the newspaper: "Lower tax rates have led to an increase in housing starts."
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
blank1 - Word Answer
Write your response here...
(fiscal/monetary) policy. This policy is
blank2 - Word Answer
Write your response here...
(expansionary/contractionary). It will lead to a(n)
blank3 - Word Answer
Write your response here...
(increase/decrease) of GDP while unemployment will tend to
blank4 - Word Answer
Write your response here...
(increase/decrease).
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