Economists Who Are in Favor of an Increase in the Size

question 58

Multiple Choice

Economists who are in favor of an increase in the size and scope of government tend to prefer ________________ when expansionary _______________ policy is needed to raise aggregate demand.

• A) tax cuts; fiscal
• B) tax cuts; monetary
• C) more government spending; fiscal
• D) more government spending; monetary

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Definitions:

England

A country that is part of the United Kingdom, located on the island of Great Britain, known for its rich history, cultural heritage, and major contributions to arts, science, and democracy.

Encomienda

A labor system in Spanish America giving settlers the right to tax local Indigenous people or to demand their labor in exchange for protecting them and teaching them Christianity.