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Contractionary Fiscal Policy 

__________________________________________________   means selling internationally traded goods below their cost of production.

A decrease in consumption, investment, government spending or net exports will cause the Aggregate Demand Curve to 

Q16.  Solve the equation. Write the solution set with the exact solutions. Show your work on your own paper.2 log 6(6p – 8) – 4 = -2

According to Keynesian theory, If the multiplier equals 2 and the government increases spending by 400, how much will total output increase by?

Q5.  Use long division to divide. Write your answer in the form Q(x) + R(x)/d(x).  Show all of your work on your own paper. No work = No credit(2×4 – 2×2 – 5x – 12) ÷ (x2 + 3)

Q9.  Write the logarithm as a sum or difference of logarithms. Simplify each term as much as possible.log5

A public policy of not interfering with market activities in the economy.

The Keynesian economic framework is based on an assumption that

According to Keynesian Economists, if an economy is in a recession,