Multiple Choice
What is involved in counter-cyclical fiscal policy?
A) Higher government spending if used to eliminate an inflationary gap.
B) Higher government spending if used to eliminate a recessionary gap.
C) Higher taxes if used to eliminate a recessionary gap.
D) Lower taxes if used to eliminate an inflationary gap.
E) Government spending but not taxes.
Correct Answer:
Verified
Correct Answer:
Verified
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