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Mandolina Mandolina
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7 years ago
The phrase "expansionary bias " refers to the fact that
A) discretionary fiscal policy works with a lagged effect.
B) politicians are more willing to lower taxes and increase spending than they are to do the opposite.
C) policymakers tend to overestimate the size of the recessionary gap.
D) deficit-financed government spending can lead to crowding out.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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Mandolina Author
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7 years ago
YOU SAVED MY LIFE AND MY GRADE!

Thank you!
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