An example of contractionary fiscal policy is
A) an increase in government expenditures, or an increase in taxes, or both.
B) a decrease in government expenditures, or a decrease in taxes, or both.
C) an increase in government expenditures, or a decrease in taxes, or both.
D) a decrease in government expenditures, or an increase in taxes, or both.
E) increasing government expenditures while holding taxes constant.
D
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Given that two countries (A and B) each specialize in the production of one good and voluntarily trade it for the other country's good, then:
A) only country A experiences positive gains from trade. B) only country B experiences positive gains from trade. C) both countries experience positive gains from trade. D) both countries experience negative gains from trade.
A state bank receives its charter from a specific state and can function only in that state
Indicate whether the statement is true or false