Answered: Which of the following is an example of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Just the answers please no need for you to write anything else I know your tired also Which of the following is an example of fiscal policy? a. Fighting the war on terror b. Giving people school vouchers c. President’s Obama’s tax cut package d. All of the above are examples A fiscal stimulus is intended to: a. Shift aggregate demand to the left b. Shift aggregate supply to the right c. Shift aggregate demand to the right d. Shift aggregate supply to the left If MPC is .80, and government spending increases by $200 billion then: a. Total spending will increase by $200 billion b. Total spending will increase by $400 billion c. Total spending will decrease by $200 billion d. Total spending will increase by $1000 billion Which of the following will not undermine the effectiveness of fiscal policy? a. Private borrowing may be crowded out by government borrowing b. Time lags c. Multiplier effects d. Politicians will disagree about the proper fiscal policy If the government wanted to reduce inflation in the economy, it could: a. Increase income transfers b. Increase government spending c. Cut taxes d. Increase taxes

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