NMB stands for. GDP gap Deflationary gap Inflationary gap Full employment level

Question

NMB stands for. GDP gap Deflationary gap Inflationary gap Full employment level of income and output If the Congress passes legislation to increase government spending to counter the effects of a recession, then this would be an example of a(n): Supply - side fiscal policy Expansionary fiscal policy Contractionary fiscal policy Nondiscretionaiy fiscal policy The set of fiscal policies that would be most contractionary would be a(n): Increase in government spending and taxes Decrease in government spending and taxes Increase in government spending and a decrease in taxes Decrease in government spending and an increase in taxes The combination of fiscal policies that would reinforce each other and be most expansionary would be a(n): Increase in government spending and taxes Decrease in government spending and taxes Decrease in government spending and increase in taxes Increase in government spending and decrease in taxes The most expansionary way for government to finance a budget deficit is by Increasing tax rate Creating new money

Explanation / Answer

25.B

26.A

27.C

28.C

29.D

30.B

31.A

32.B

33.A

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