Multiple Choice
Which of the following might be considered the most contractionary set of fiscal policies?
A) increase in government purchases,increase in taxes,and decrease in transfer payments
B) decrease in government purchases,increase in taxes,and decrease in transfer payments
C) increase in government purchases,decrease in taxes,and increase in transfer payments
D) increase in government purchases,increase in taxes,and increase in transfer payments
E) decrease in government purchases,decrease in taxes,and decrease in transfer payments
Correct Answer:
Verified
Correct Answer:
Verified
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