Multiple Choice
An example of automatic fiscal policy is
A) an interest rate cut,initiated by an act of Congress.
B) an increase in the quantity of money.
C) a tax cut,initiated by an act of Congress.
D) a decrease in tax revenues,triggered by the state of the economy.
E) any change in the interest rate,regardless of its cause.
Correct Answer:
Verified
Correct Answer:
Verified
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