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52-If an economy is seeing a decrease in production due to a shift in the AD curve, what can be done to restore the AD
52-If an economy is seeing a decrease in production due to a shift in the AD curve, what can be done to restore the AD back to its original position of macroeconomic equilibrium?
a.
Expansionary Fiscal Policy - Increase Taxes or Decrease Government Spending
b.
Expansionary Monetary Policy
c.
Expansionary Fiscal Policy - Decrease Taxes or Increase Government Spending
d.
Contractionary Fiscal Policy - Increase Taxes or Decrease Government Spending
54-State and local budgets are procyclical
Select one:
True
False
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