In the United States during the 1930s:
A. government spending and taxes both increased, resulting in zero net fiscal expansion.
B. government spending and taxes both decreased, resulting in a net fiscal contraction.
C. government spending increased and taxes decreased, resulting in a fiscal expansion.
D. government spending decreased and taxes increased, resulting in a fiscal contraction.
Answer: A
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Mexico's gains from NAFTA have benefited mostly:
a. unskilled workers. b. semi-skilled workers. c. higher-income workers. d. agricultural workers.
Fixed costs are best defined as
a. costs that do not vary with output. b. costs that are at a minimum when output approaches the firm's capacity. c. the amount that one more unit of output adds to total costs. d. costs that decline as output increases.