Which of the Following Is NOT a Combination of an Expenditure-Switching

question 23

Multiple Choice

Which of the following is NOT a combination of an expenditure-switching and an expenditure-reducing policy?

• A)an increase in tariffs combined with restrictive monetary policy
• B)an increase in tariffs combined with restrictive fiscal policy
• C)restrictive monetary policy combined with expansionary fiscal policy
• D)open market sales combined with a devaluation in the currency
• E)an income tax increase combined with a devaluation of the currency

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Definitions:

Capital Account

Refers to a financial statement that shows the changes in a company's equity during a specific period due to transactions with its owners, such as stock issuance and dividend payments.

Genuine Progress Indicator

An economic measure that includes well-being and sustainability, beyond just economic transactions.

Gross Domestic Products

The total value of all goods and services produced over a specific time period within a country's borders.