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Author Question: Need-based spending ________ during an expansion and ________ during a recession, which leads to ... (Read 22 times)

RYAN BANYAN

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on: Jun 29, 2018
Need-based spending ________ during an expansion and ________ during a recession, which leads to larger budget deficits during the ________ phase of the business cycle.
 
  A) increases; decreases; recession
  B) decreases; increases; expansion
  C) decreases; increases; recession
  D) decreases; decreases; expansion
  E) increases; decreases; expansion

Question 2

Refer to the figure above. The region ________ shows the producer surplus after the imposition of the tax.
 
  A) JBHF
  B) JBF
  C) JBC
  D) HAI


sultansheikh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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