Chapter 13 - i Increased spending and or lower taxes ii...

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1. Fiscal Policy a. Discretionary fiscal policy i. Eliminate recessionary or inflationary gap ii. Countercyclical b. Two types of Discretionary policy c. Expansionary fiscal policy
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Unformatted text preview: i. Increased spending and or lower taxes ii. Budget deficit d. Contractionary fiscal policy i. Lower spending and higher taxes ii. Budget Surplus e....
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