which of the following is true? (2 answers) *\n□ a phase is where the economy is\n□ a policy is where the…

which of the following is true? (2 answers) *\n□ a phase is where the economy is\n□ a policy is where the economy is\n□ a phase is the government action taken\n□ a policy is the government action taken\n\nan expansionary fiscal policy would involve which of the following? *\n○ a tax decrease\n○ an attempt to reduce the deficit\n○ cuts in government spending\n○ a tax increase

which of the following is true? (2 answers) *\n□ a phase is where the economy is\n□ a policy is where the economy is\n□ a phase is the government action taken\n□ a policy is the government action taken\n\nan expansionary fiscal policy would involve which of the following? *\n○ a tax decrease\n○ an attempt to reduce the deficit\n○ cuts in government spending\n○ a tax increase

Answer

Brief Explanations:

In economics, a phase refers to a state or stage of the economy (like expansion or contraction). A policy is an action taken by the government to influence the economy. Expansionary fiscal policy aims to stimulate the economy by increasing aggregate demand, which can be achieved by decreasing taxes to leave more money in consumers' and businesses' hands.

Answer:

First question:

  • a phase is where the economy is
  • a policy is the government action taken

Second question:

  • a tax decrease