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:

Informal Deviance

Behaviors that violate informal social norms or expectations but are not codified into law.

Rudeness

Behavior or speech that is disrespectful or impolite, often violating societal norms for courtesy and conduct.

Crime

One form of deviance; specifically, behavior that violates criminal laws.

White-Collar

Pertaining to jobs or workers in offices, administrative tasks, or professional fields, as opposed to blue-collar industrial work.