An Expansionary Fiscal Policy Would Be Countercyclical If It Was

question 18

Multiple Choice

An expansionary fiscal policy would be countercyclical if it was enacted after:

• A)equilibrium income rose above potential income.
• B)equilibrium income fell below potential income.
• C)inflation rose.
• D)unemployment fell.

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Definitions:

Responsible Paralegal

A paralegal tasked with significant responsibilities within a legal team, often overseeing case management and legal document preparation.

Voluntary Statewide Certification

A recognition or credential that professionals can opt to obtain, often through meeting certain qualifications or assessments, recognized across an entire state.

Paralegals

Professionals in the legal field who assist attorneys by performing non-lawyer tasks such as documentation, research, and client communication, playing a critical role in the functioning of legal teams.

Washington

The capital city of the United States, located in the District of Columbia, or a state in the Pacific Northwest region of the United States.