Multiple Choice
Which of the following describes the policy mix of the Gillard Labor government in Australia and the Reserve Bank of Australia in 2012?
A) Fiscal expansion and monetary expansion.
B) Fiscal expansion and monetary contraction.
C) Fiscal expansion and tax contraction.
D) Fiscal contraction and monetary expansion.
E) Fiscal contraction and monetary contraction.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following statements is consistent
Q6: Suppose the economy is currently operating on
Q7: Explain: (1) what happens to income, money
Q8: Explain (1) what happens to the interest
Q9: Assume that investment does not depend on
Q11: We know with certainty that a tax
Q12: Suppose there is a simultaneous central bank
Q13: An increase in consumer confidence will likely
Q14: Suppose there is a simultaneous tax increase
Q15: A reasonable dynamic assumption for the IS-