Discretionary fiscal policy works by shifting the short-run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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A recessionary gap can be closed with
A) using a contractionary monetary policy. B) an increase in taxes. C) a decrease in government purchases. D) using an expansionary fiscal policy.
Economics
Why does the Federal Reserve System have a high degree of political independence?
(A) The system has only advisory power. (B) The system is owned by the banks. (C) It is divided into geographical districts. (D) The governors are appointed for life terms.
Economics