Figure 18-2 -Refer to Figure 18-2.In the Graph Above,if the Economy Is

question 267

Multiple Choice

Figure 18-2

-Refer to Figure 18-2.In the graph above,if the economy is at point A,an appropriate fiscal policy by Congress and the president would be to

• A) decrease the required reserve ratio.
• B) sell government securities.
• C) increase government expenditures.
• D) decrease transfer payments.

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Definitions:

Executive Agencies

Parts of the government responsible for the daily administration and enforcement of federal laws.

Cabinet-Level Agencies

Agencies of the U.S. federal government that are under the direct authority of a Cabinet secretary, who serves at the discretion of the President and is part of the Executive branch.

Subpoena Duces Tecum

An order to appear and bring specified documents.

Writ Of Certiorari

A Supreme Court order, issued after the Court decides to hear an appeal, mandating that the lower court send to the Supreme Court the record of the appealed case.