Multiple Choice
"Expansionary fiscal policy is needed to increase Real GDP --- at least in the short run." The economist who said this most likely believes that
A) the tax multiplier is larger than the government spending multiplier.
B) the AS curve is vertical.
C) there will be a great deal of crowding out connected with a rise in government spending.
D) the AS curve is upward-sloping.
E) c and d
Correct Answer:
Verified
Correct Answer:
Verified
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Q12: Which of the following statements is false?<br>A)
Q13: A $300 billion increase in government spending
Q14: A $100 billion increase in government spending
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