ECON 100 – Expansionary policies are policies designed

| April 14, 2018

1. Expansionary policies are policies designed to:A. Reduce the level of real GDPB. Decrease Govt’ spendingC. Increase the level of real GDPD. Reduce the federal deficit2.In order to ____________, a government must decrease spending and increase taxation.A. increase aggregate demandB. decrease aggregate supplyC. decrease aggregate demandD. increase aggregate supply3.As a result of an increase in the personal income tax rate, consumers are likely to:A. spend lessB. spend moreC. Earn more moneyD. Save more

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