Multiple Choice
Which of the following is NOT a combination of an expenditure-switching and an expenditure-reducing policy?
A) an increase in tariffs combined with restrictive monetary policy
B) an increase in tariffs combined with restrictive fiscal policy
C) restrictive monetary policy combined with expansionary fiscal policy
D) open market sales combined with a devaluation in the currency
E) an income tax increase combined with a devaluation of the currency
Correct Answer:
Verified
Correct Answer:
Verified
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