The Intent of Contractionary fiScal Policy Is to

question 80

Multiple Choice

The intent of contractionary fiscal policy is to

• A) increase aggregate demand.
• B) decrease aggregate demand.
• C) increase aggregate supply.
• D) decrease aggregate supply.

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Definitions:

Classes or Categories

Distinct groups or divisions within a dataset or population, used to organize, analyze, or classify information.

Freshmen

Students in their first year of study in a secondary or post-secondary educational institution.

Significant Change

A measurable difference in data or results that surpasses the threshold of statistical significance, indicating that it is unlikely to have occurred by chance.

Expected Number

The value predicted for a random variable, taking into account all possible values it can take weighted by their respective probability of occurrence.