Economics and Statistics > EXAM > ECON 103 FINAL NORTON HOMEWORK QUESTIONS AND ANSWERS (All)
ECON 103 FINAL NORTON HOMEWORK QUESTIONS AND ANSWERS
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Chapter 16: Which of the following are expansionary fiscal policies? The impact of fiscal policy is limited by crowding-out. Which of the following events represent crowding-out with an expansionar... y fiscal policy? ECON 103 FINAL NORTON HOMEWORK QUESTIONS AND ANSWERS During the periods 2001–2002 and 2007–2009, the U.S. government engaged in __ fiscal policy. (EXPANSIONARY) The goal of this policy was to _____ aggregate demand. (INCREASE) In which direction does the AD curve move if the government wants to engage in contractionary fiscal policy? Drag the curve in the correct direction. (In contractionary fiscal policy, the AD shifts to the left) Assume a country is producing below the full-employment output level and the government does not want to wait for a long-run adjustment. Drag the appropriate curve to show what would occur if the government implemented a successful expansionary fiscal policy to bring the economy to the full-employment output level [Show More]
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