All of the following were provisions of the 2009 American Reinvestment and Recovery Act except
A) a temporary extension of unemployment benefits.
B) expanded tax credits for parents for their children's college tuition.
C) a reduction in government-funded infrastructure spending.
D) a reduction in employees' payroll tax contributions.
C
You might also like to view...
The opportunity cost of a resource
a. includes both explicit and implicit cost b. includes explicit cost only c. includes implicit cost only d. is equal to the market price of the resource e. is not related to the market price of the resource
Answer the following statements true (T) or false (F)
1) Expansionary fiscal policy is so named because it involves an expansion of the nation's money supply. 2) If the MPC in the economy is .75, government could shift the aggregate demand curve rightward by $30 billion by cutting taxes by $10 billion. 3) If the MPC in the economy is .75, government could shift the aggregate demand curve rightward by $30 billion by cutting taxes by $10 billion. 4) Demand-pull inflation can be restrained by increasing government spending and reducing taxes.