Use the Figure Below to Answer the Following Questions

question 42

Multiple Choice

Use the figure below to answer the following questions.
Figure 13.3.1
-Refer to Figure 13.3.1, which shows the outlays and revenues for the government of Pianoland.Discretionary fiscal policy would be shown as a movement

• A)from left to right along the revenues curve.
• B)from right to left along the revenues curve.
• C)from left to right along the outlays curve.
• D)from right to left along the outlays curve.
• E)none of the above

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Definitions:

Restrictive Covenants

Clauses in contracts that impose limitations or conditions on the actions of parties, commonly found in lending agreements to protect the lender.

Indenture

A formal legal agreement, contract, or document, especially one relating to a loan or bond issue.

Debenture

An unsecured bond.

Sinking Fund

A savings fund accumulated over time for the purpose of paying off debt or replacing a large expense in the future.