An Inflationary Gap Can Be Restrained by Increasing Government Spending

question 155

True/False

An inflationary gap can be restrained by increasing government spending and reducing taxes.

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Definitions:

Mitsubishi Motors Corp.

A multinational automotive manufacturer headquartered in Japan, known for producing cars, trucks, and buses.

International Transaction

An international transaction refers to a business or financial exchange crossing national borders, involving trades of goods, services, or capital.

Arbitration Agreement

A contract in which two or more parties agree to settle a dispute outside of the court system, typically through the decision of a neutral third party.

Federal Judge

A judge appointed by the president of the United States and confirmed by the Senate, serving within the federal court system.