The government is pursuing an expansionary fiscal policy if it
a. decreases government spending and increases taxes.
b. increases government spending or increases taxes.
c. decreases government spending or reduces taxes.
d. increases government spending and/or reduces taxes.
D
Economics
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The current value of real GDP is
A. less than $10 trillion B. between $10 trillion and $14 trillion C. between $14 trillion and $18 trillion D. more than $18 trillion
Economics
A student receives a bachelor's degree in economics and then achieves gainful employment as an economic analyst with a Fortune 500 company. This new worker is likely to enhance the economy's productivity through:
A) scarcity. B) free goods. C) stable prices. D) specialization of labor.
Economics