A Fiscal Policy Action to Close a Recessionary Gap Is

question 12

Multiple Choice

A fiscal policy action to close a recessionary gap is to:

• A)increase taxes.
• B)increase transfer payments.
• C)decrease government purchases.
• D)decrease the marginal propensity to consume.

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Definitions:

Insulin Resistance

A condition in which the body's cells do not respond properly to insulin, leading to elevated blood sugar levels.

Type 1 Diabetes

A chronic condition where the pancreas produces little or no insulin, requiring individuals to manage their blood sugar levels through insulin therapy.

Type 2 Diabetes

A chronic condition affecting the way the body processes blood sugar (glucose), characterized by insulin resistance.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, leading to conditions such as heart attacks, strokes, and hypertension.