SIE Exam Question 751: Answer and Explanation

Question: 751

Expansionary policy is characterized by which of the following?

  • A. Decreasing transfer payments
  • B. Increasing public spending
  • C. Increasing taxes
  • D. All of the above are correct.

Correct Answer: B

Explanation:

Expansionary policy is characterized by decreasing taxes, increasing public spending, and increasing government borrowing.

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