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question 76

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Fiscal Policy Choices)  Refer to Figure: Fiscal Policy Choices. If the government uses discretionary fiscal policy for the economy in panel (a)  when real GDP is Y<sub>1</sub>, government spending is likely to be _____ and taxes are likely to be _____. A)  reduced; cut B)  increased; increased C)  reduced; increased D)  increased; cut
-(Figure: Fiscal Policy Choices) Refer to Figure: Fiscal Policy Choices. If the government uses discretionary fiscal policy for the economy in panel (a) when real GDP is Y1, government spending is likely to be _____ and taxes are likely to be _____.


Definitions:

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.

Value Creation

The process by which businesses or entrepreneurs develop new products, services, or processes that are valuable to customers.

Call Reluctance

The hesitation or resistance a salesperson may feel when it comes to making phone calls to potential clients, often stemming from fear of rejection.

Prospect Aversion

The tendency of potential customers to avoid engaging with sales efforts or communications, often due to perceived pressure or disinterest in the product.

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