The government will conduct expansionary fiscal policy if it attempts to
A. reduce real GDP.
B. reduce the price level.
C. shift the aggregate demand curve to the left.
D. reduce the level of unemployment.
Answer: D
Economics
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If there is a recessionary gap, the appropriate fiscal policy would be contractionary.
a. true b. false
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Firms in a small economy planned that inventories would grow over the past year by $500,000. Over that year, inventories did grow by exactly $500,000. This implies that
What will be an ideal response?
Economics