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Which of the following is a fiscal policy action aimed at reducing unemployment? Decreasing govermment spending Decreasing income taxes Decreasing tax breaks for the wealthy O Increasing nominal interest rates O Increasing required reserves If fiscal policy is used to correct a recessionary gap, which of the following would most likely occur? Real GDP Increase; Unemployment Decrease Real GDP Increase; Unemployment Increase Real GDP Decrease; Unemployment Decrease Real GDP Decrease; Unemployment lIncrease Real GDP Decrease; Unemployment No Change

Which of the following is a fiscal policy action aimed at reducing unemployment? Decreasing govermment spending Decreasing income taxes Decreasing tax breaks for the wealthy O Increasing nominal interest rates O Increasing required reserves If fiscal policy is used to correct a recessionary gap, which of the following would most likely occur? Real GDP Increase; Unemployment Decrease Real GDP Increase; Unemployment Increase Real GDP Decrease; Unemployment Decrease Real GDP Decrease; Unemployment lIncrease Real GDP Decrease; Unemployment No Change

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is a fiscal policy action aimed at reducing unemployment? O Decreasing government spending O Decreasing income taxes O Decreasing tax breaks for the wealthy O Increasing nominal interest rates O Increasing required reserves If fiscal policy is used to correct a recessionary gap, which of the following would most likely occur? Real GDP Increase; Unemployment Decrease O Real GDP Increase; Unemployment Increase O Real GDP Decrease; Unemployment Decrease O Real GDP Decrease; Unemployment Increase O Real GDP Decrease; Unemployment No Change
Transcribed Image Text:Which of the following is a fiscal policy action aimed at reducing unemployment? O Decreasing government spending O Decreasing income taxes O Decreasing tax breaks for the wealthy O Increasing nominal interest rates O Increasing required reserves If fiscal policy is used to correct a recessionary gap, which of the following would most likely occur? Real GDP Increase; Unemployment Decrease O Real GDP Increase; Unemployment Increase O Real GDP Decrease; Unemployment Decrease O Real GDP Decrease; Unemployment Increase O Real GDP Decrease; Unemployment No Change
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