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  • Fiscal policy refers to the: #861
  • Fiscal drag occurs when: #862
  • The … lag for fiscal policy is generally … than it is for monetary policy. #863
  • Which of the following is not true about public-choice theory? #864
  • What do economists call a tax that causes higher-income individuals to pay a higher percentage of their income as tax than lower-income individuals? #865
  • The effective tax rate is: #866
  • … taxes are those that are levied on goods and services. … taxes are those that are levied upon individuals and firms. #867
  • Increased government spending financed by government borrowing will generally cause: #868
  • The difference between federal government spending and federal government tax revenue in a particular year is: #869
  • Productive … exists when an economy cannot produce more of one good without producing less of another good. #870
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