ECON 104
Allegany College Of Maryland
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11 ECON 104|very helpful during revision
- Exam (elaborations) • 84 pages • 2022
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Student: ___________________________________________________________________________ 
1. Fiscal policy is carried out primarily by: 
A. the federal government. 
B. provincial and local governments working together. 
C. provincial governments alone. 
D. local governments alone. 
2. Discretionary fiscal policy refers to: 
A. any change in government spending or taxes which destabilizes the economy. 
B. the authority which Parliament has to change personal income tax rates. 
C. changes in taxes and...