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MULTIPLE CHOICE SECTION
1) A personal income tax cut:
a. Generates crowding out
Answer: b. Has the exact same effects as a corporate tax cut
c. Helps economies with inflationary gaps
d. Lowers government budget deficits
2) An increase in the required reserve ratio:
a. Is a form of expansionary monetary policy
Answer: b. Is a form of contractionary monetary policy
c. Makes interest rates fall
d. Makes net exports rise for sure...
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