A Fiscal Policy Action to Close an Expansionary Gap Is

question 27

Multiple Choice

A fiscal policy action to close an expansionary gap is to:

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

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Definitions:

West African History

The study of past events in the region of West Africa, home to a variety of cultures, empires, and historical figures.

Centers of Higher Learning

Institutions such as universities and colleges that offer advanced educational opportunities beyond secondary level, including research and professional degrees.

Timbuktu

An ancient city in Mali, historically significant as a center of Islamic scholarship and trade, known for its historic mosques and libraries containing valuable manuscripts.

Sixteenth Century

The period from 1501 to 1600, marked by significant global exploration, cultural exchanges, and the beginning of the European Renaissance.