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Business, 06.06.2020 21:05 davisbrittany5784

Suppose the economy had been producing at Natural Real GDP but is now producing above it. Which of the following are discretionary fiscal policies that could bring the economy closer to Natural Real GDP? Check all that apply. A tax increase A reduction in spending on new road construction A tax cut A rise in spending to prevent coastal erosion In the preceding scenario, is the discretionary fiscal policy needed to bring the economy closer to Natural Real GDP an example of expansionary fiscal policy or contractionary fiscal policy? Contractionary Expansionary

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