6. What type of macroeconomic policy (monetary, fiscal, structural) might include each of the following actions? (LO2)
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6. What type of macroeconomic policy (monetary, fiscal, structural) might include each of the following actions? (LO2)
a. A broad government initiative to reduce the country’s reliance on agriculture and promote high-technology industries. b. A reduction in income tax rates. c. Provision of additional cash to the banking system. d. An attempt to reduce the government budget deficit by reducing spending. e. A decision by a developing country to reduce government control of the economy and to become more market-oriented.
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Related Book For
Principles Of Macroeconomics
ISBN: 9781264250356
8th Edition
Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz
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