Expansionary fiscal policy tends to:
A. lower U.S. income, reduce U.S. imports, and lower the trade deficit.
B. raise U.S. income, increase U.S. imports, and lower the trade deficit.
C. lower U.S. income, reduce U.S. imports, and increase the trade deficit.
D. raise U.S. income, increase U.S. imports, and increase the trade deficit.
Answer: D
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a. True b. False Indicate whether the statement is true or false
Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume that the price of X is $3 and the price of Y is $6. If Amanda has $90 to spend on X and Y, then
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