3) A decrease in taxes should be applied in a situation with a recessionary gap. an inflationary...
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Question:
3) A decrease in taxes should be applied in a situation with
a recessionary gap. | ||
an inflationary gap. | ||
low unemployment. | ||
high demand for goods and services. |
4) If the economy has been producing at a point where realGDP is less than potential GDP, what fiscal policy can the federalgovernment use to restore real GDP to potential GDP?
cut government expenditure on goods and services. | ||
increase taxes. | ||
cut taxes. | ||
raise the interest rate. |
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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