Which Combination of Fiscal Policy Actions Would Most Likely Be

question 53

Multiple Choice

Which combination of fiscal policy actions would most likely be offsetting?

• A)increase in taxes and government spending
• B)decrease in taxes and increase in government spending
• C)increase in taxes, but make no change in government spending
• D)decrease in taxes, but make no change in government spending

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Definitions:

Culture

A complex system of values, traditions, symbols, and practices shared by a group of people that collectively form their way of life.

Crescive Norms

Unwritten rules that are discovered through interaction with a culture or society, influencing behavior and expectations.

Enacted Norms

Socially accepted behaviors or standards that are established through action and practice within a group or society.

Social Structure

The organized pattern of social relationships and social institutions that together compose society.