Multiple Choice
Which of the following are characteristics of an expansionary fiscal policy?
I.Increased government spending on infrastructure projects.
II.Reduction in defense and education budgets.
III.Reduction in employment taxes.
IV.Reduction in government borrowing.
A) I and III only
B) II and III only
C) I, II and IV only
D) I, II, III and IV
Correct Answer:
Verified
Correct Answer:
Verified
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