Contractionary fiscal policy includes
A) increasing taxes and increasing government purchases.
B) raising interest rates, increasing taxes, and decreasing transfer payments.
C) increasing taxes and decreasing government expenditures.
D) raising interest rates, decreasing taxes, and decreasing government spending.
Answer: C) increasing taxes and decreasing government expenditures.
Economics
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Kariuki decreases his consumption of grapes after his income goes up. For Kariuki
A) grapes and income are substitute goods. B) grapes and income are complementary goods. C) grapes are an inferior good. D) grapes are a superior good.
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The U.S. government spent over $3.6 trillion in budget year 2010
a. True b. False Indicate whether the statement is true or false
Economics