Business, 21.04.2020 23:24 johnbobjones

Suppose the economy had been producing at potential output but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the economy closer to potential output? Check all that apply. A reduction in government purchases A tax increase A tax cut Additional spending on national park facilities In the preceding scenario, is the discretionary fiscal policy needed to bring the economy closer to potential output an example of expansionary fiscal policy or contractionary fiscal policy? Expansionary Contractionary

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Suppose the economy had been producing at potential output but is now experiencing a recession. Whic...

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