Multiple Choice
If fiscal policy is going to exert a stabilizing impact on the economy, it must be
A) instituted by the Federal Reserve system.
B) expansionary during an economic boom but restrictive during a recession.
C) timed correctly.
D) passed by a three-fifths majority in Congress.
Correct Answer:
Verified
Correct Answer:
Verified
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Q2: In the Keynesian aggregate expenditure model, the
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