TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.

46) An example of fiscal policy occurs when the government purchases fighter planes from a

U.S. manufacturer.

47) Income transfers are current payments to individuals for which no current goods or

services are exchanged.

48) Fiscal policy changes in government spending and taxes primarily target the aggregate

supply curve.

49) From a Keynesian perspective, the way out of a recession includes an increase in

government spending, a tax cut, or an increase in transfer payments.

50) An income transfer contains less fiscal stimulus than an increase in government spending of the same size.