Expansionary fiscal policy can cause a rise in real GDP in combination with
a. an increase in the price level.
b. a decrease in the price level.
c. no change in the price level.
d. a decrease in the price level if the aggregate supply curve is upward sloping.
a
Economics
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Which of the following is TRUE regarding a collusive agreement? I. It is illegal in the United States. II. Two or more producers agree to restrict output or raise prices. III. Firms' profits are never maximized under this sort of agreement
A) I and II B) I and III C) II and III D) I, II and III
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In absolute value, the tax multiplier is greater than the government purchases multiplier
Indicate whether the statement is true or false
Economics