Contractionary fiscal policy consists of:
a. increased government purchases and increased taxes.
b. decreased government purchases and decreased taxes.
c. decreased government purchases and increased taxes.
d. increased government purchases and decreased taxes.
c
Economics
You might also like to view...
Fill in the blank: According to your textbook authors, ________ is a key condition for competition to occur
A) government regulation of price B) government regulation of output C) preservation of profit D) freedom of entry
Economics
The acquisition of a domestic financial asset by a foreign resident is called
A) foreign direct investment. B) foreign capital investment. C) a portfolio inflow. D) a portfolio outflow.
Economics