The existence of a political business cycle implies that, prior to the election, the incumbent administration would

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The existence of a political business cycle implies that, prior to the election, the incumbent administration would

a. increase aggregate demand by increasing government spending and the money supply.

b. increase aggregate demand by increasing government spending and decreasing the money supply.

c. increase aggregate demand by decreasing government spending and the money supply.

d. decrease aggregate demand by increasing government spending and the money supply.

e. decrease aggregate demand by increasing government spending and decreasing the money supply.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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