Contractionary fiscal policy consists of:
a. increased government purchases and increased taxes.
b. decreased government purchases and decreased taxes.
c. decreased government purchases and increased taxes.
d. increased government purchases and decreased taxes.
c
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In the term "real GDP," what does "GDP" stand for and what does it measure? What does "real" indicate?
What will be an ideal response?
The nonwhite percentage of the U.S. population rose after the Civil War
Indicate whether the statement is true or false
If the gadget industry is a constant cost industry, one would expect that the long run result of an increase in demand for gadget to include ____ firms and a(n) ____ in price. a. more; increase
b. more; no change. c. more; decrease. d. fewer; increase.
Globalization is necessarily bad for U.S. workers
Indicate whether the statement is true or false