52 If an economy is seeing a decrease in production due to a shift in the AD curve, what can be done to restore the AD back to its original position of macroeconomic equilibrium a Expansionary Fiscal Policy Increase Taxes or Decrease Government Spending b Expansionary Monetary Policy c Expansionary Fiscal Policy Decrease Taxes or Increase Government Spending d Contractionary Fiscal Policy Increase Taxes or Decrease Government Spending 54 State and local budgets are procyclical Select one True False

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Question: 52-If an economy is seeing a decrease in production due to a shift in the AD curve, what can be done to restore the AD

52-If an economy is seeing a decrease in production due to a shift in the AD curve, what can be done to restore the AD back to its original position of macroeconomic equilibrium?

Expansionary Fiscal Policy - Increase Taxes or Decrease Government Spending

Expansionary Monetary Policy

Expansionary Fiscal Policy - Decrease Taxes or Increase Government Spending

Contractionary Fiscal Policy - Increase Taxes or Decrease Government Spending

54-State and local budgets are procyclical

Select one:

True

False

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