An appropriate fiscal policy for a severe recession is:
A. a decrease in government spending.
B. a decrease in tax rates.
C. appreciation of the dollar.
D. an increase in interest rates.
B. a decrease in tax rates.
Economics
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During a banking panic, a lender of last resort will
A) purchase banks which are having difficulty but appear sound. B) make loans to solvent but temporality illiquid banks. C) make loans to insolvent but liquid banks. D) make loans to any banks which request them.
Economics
As a percentage of GDP, the federal government expenditure which is expected to increase the most between 2012 and 2042 is
A) Social Security. B) Medicare and Medicaid. C) the net interest on the federal debt. D) national defense.
Economics