Suppose that the economy is in the midst of a recession. Which of the following policies would most likely end the recession and stimulate output growth?
A. A congressional proposal to incur a federal surplus to be used for the retirement of public
debt.
B. Reductions in agricultural subsidies and veterans' benefits.
C. Postponement of a highway construction program.
D. Reductions in federal tax rates on personal and corporate income.
D. Reductions in federal tax rates on personal and corporate income.
Economics
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Countries experiencing balance of payments surpluses are usually eager to inflate their economies
a. True b. False Indicate whether the statement is true or false
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The actual control of the Federal Reserve System resides in the
a. Congress of the United States. b. member banks. c. Senate Banking Committee. d. Board of Governors.
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