In a Certain Year,an Economy's Potential Output Is $280 Billion,while

question 40

Multiple Choice

In a certain year,an economy's potential output is $280 billion,while its equilibrium real output is expected to be $300 billion.Under these conditions,the government should:

• A)increase tax rates and reduce government purchases
• B)discourage personal saving by reducing the interest rate on government bonds
• C)increase government purchases
• D)encourage private investment by reducing corporate income taxes
• E)increase amounts spent on government transfer payments

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