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Author Question: Economic growth is a sustained expansion of production possibilities, as measured by the increase in ... (Read 28 times)

joblessjake

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on: Jun 30, 2018
Economic growth is a sustained expansion of production possibilities, as measured by the increase in ________ over time.
 
  A) population
  B) inflation
  C) the price level
  D) real GDP
  E) employment

Question 2

Suppose the federal government implemented a flat tax to replace the income tax, and the flat tax saved taxpayers a total of 5 billion. A tax change such as this could be viewed as an example of the federal government implementing
 
  A) contractionary monetary policy. B) contractionary fiscal policy.
  C) expansionary monetary policy. D) expansionary fiscal policy.


scikid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


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