Which of the following is an example of expansionary fiscal policy?
Question 3
If the government increases its spending by $\text{\pounds}100\text{ million}$ and the marginal propensity to consume (MPC) is $0.8$, what is the maximum potential increase in national income due to the multiplier effect?
Question 4
A budget deficit occurs when:
Question 5
Which of the following is a supply-side fiscal policy measure?
