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Title: Glossary Multiple Choice of Chapter 7 : Fiscal Policy Sayremacro10e
Description: Glossary Multiple Choice of Chapter 7 : Fiscal Policy Sayremacro10e
Description: Glossary Multiple Choice of Chapter 7 : Fiscal Policy Sayremacro10e
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Figure
A shows
from
G,
BLy
->
to
BLs
that
Go,
in
an
and
Figure
increase
as
B
...
recession?
payment
deficit
decrease
National
the
will
what
in
tax
revenue
Debt
of
all
federal government
deficit
minus
its
surpluses
3)
Graphically,
horizonal
the
on
how
Graphically,
the
on
is
If
the
drawn when
revenues
real
CD
is
sloping
how
the
is
horizontal
economy
is
draw when
government spending
real
GDI
axis?
horizontal
a
7)
tax
axis?
upward
3)
not
are
line
experiencing
a
inflationary
gap,
should the
what
government
do?
Introduce
8)
If
the
contractionary
economy
is
& decrease
policy
spending
recession
experiencing
gap
a
what
increase
tax
...
rate
suggests
government spending
increases
in
that
each
the
tax revenue
budget period
Title: Glossary Multiple Choice of Chapter 7 : Fiscal Policy Sayremacro10e
Description: Glossary Multiple Choice of Chapter 7 : Fiscal Policy Sayremacro10e
Description: Glossary Multiple Choice of Chapter 7 : Fiscal Policy Sayremacro10e