If inflation becomes too high, the government can use fiscal policy to slow the economy down some and help bring it down. This is an example of ACautionary policy B Contractionary policy Expansionary policy

If inflation becomes too high, the government can use fiscal policy to slow the economy down some and help bring it down. This is an example of ACautionary policy B Contractionary policy Expansionary policy

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 13/28
If inflation becomes too high, the government can use fiscal policy to slow the economy down some and help bring it
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B Contractionary policy
Expansionary policy
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Inflation rates in the US have recently been at their highest level in decades. Imagine your local Congressman came to you for advice. If lower inflation is her only goal, what type of policy would you recommend? A contractionary fiscal policy An expansionary fiscal policy
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