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Choose the correct statement.
A. Eliminating an inflationary gap is very simplelong dash-calculate the size of the? gap, the size of the multiplier and then change government expenditure for an immediate decrease in real GDP back to potential GDP.
B. Contractionary fiscal policy can eliminate inflationary pressure.
C. An equal decrease in government expenditure and taxes cannot return the economy to full employment.
D. An increase in taxes will decrease aggregate? demand, but because the tax multiplier is smaller than the government expenditure? multiplier, the economy will not return to potential GDP.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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