1. In each of the following cases, determine whether the policy is an expansionary or contractionary fiscal...

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1. In each of the following cases, determine whether the policy is an expansionary or contractionary fiscal policy.

a. Several military bases around the country, which together employ tens of thousands of people, are closed.

b. The number of weeks an unemployed person is eligible for unemployment benefits is increased.

c. The federal tax on gasoline is increased.

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Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

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