Fiscal Policy Actions That Are Intended to Have Long-Run Effects

question 61

Multiple Choice

Fiscal policy actions that are intended to have long-run effects attempt to increase ________ through changing ________.

• A)aggregate demand; government spending
• B)aggregate supply; taxes
• C)aggregate demand; taxes
• D)aggregate supply; government spending

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Definitions:

Extended Family

A family that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives, who all live nearby or in one household.

Immigrated

The action of moving to a new country or region with the intention of settling and living there permanently.

Dual-Income

Pertaining to households in which two adults contribute financially through employment.

Cohabit

To live together and share a living space, often in a domestic partnership, without being married.