Multiple Choice
When the government employs a combination of higher taxes and lower spending, this type of policy is called a:
A) contractionary fiscal policy.
B) contractionary trade policy.
C) contractionary monetary policy.
D) contractionary exchange rate policy.
E) an inflationary policy
Correct Answer:
Verified
Correct Answer:
Verified
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Q44: An expansionary fiscal policy may not have
Q45: In a closed economy, a contractionary monetary
Q47: Fiscal policy involves the use of tax
Q48: Which of the following is true with
Q49: Suppose that a country has a current
Q50: A contractionary monetary policy tends to increase
Q51: Monetary policy refers to the use of