UW MADISON ECON 102 Study guides, Class notes & Summaries

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UW-MADISON ECON 102 FINAL EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!
  • UW-MADISON ECON 102 FINAL EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!

  • Exam (elaborations) • 5 pages • 2024
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  • What is Fiscal Policy? - changes in government taxes and spending that affect the level of GDP How does fiscal policy shift aggregate demand to the right? - 1. increases in government spending 2. decreases in taxes How does fiscal policy shift aggregate demand to the left? - 1. Decrease government spending 2. Increase taxes Expansionary polices - government polices that increase aggregate demand Contractionary polices - government polices that decrease aggregate demand When should the gov...
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