Uw madison econ 102 - Study guides, Class notes & Summaries
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UW-MADISON ECON 102 FINAL EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!
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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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