A Contractionary Fiscal Policy Is Shown as A

question 82

Multiple Choice

A contractionary fiscal policy is shown as a:

• A) rightward shift in the economy's aggregate demand curve.
• B) rightward shift in the economy's aggregate supply curve.
• C) movement along an existing aggregate demand curve.
• D) leftward shift in the economy's aggregate demand curve.

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Definitions:

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and shareholders' equity at a specific point in time.

Intangible Assets

Non-physical assets that provide economic benefits to a company, such as trademarks, patents, and goodwill.

Amortized

The process of gradually writing off the initial cost of an asset or loan over a period, in regular installments.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and any associated costs such as installation and transportation.