Macroeconomics help

Question

1.Which are contractionary fiscal policies?
A. Increased taxation and increased government spending
B. Increased taxation and decreased government spending
C. Decreased taxation and no change in government spending
D. No change in taxation and increased government spending

2.An increase in personal income taxes will cause a(n):
A. Decrease in aggregate demand
B. Increase in aggregate demand

3,If government decreases its purchases by $20 billion and the MPC is 0.8, equilibrium GDP will decrease by $100 billion. Show work.
A=True B=False

4. The public debt is the:
A. Amount of U.S. paper currency in circulation
B. Ratio of all past deficits to all past surpluses
C. Total of all past deficits minus all past surpluses
D. Difference between current government expenditures and revenues

Answer 1

1) B

2) A

3) B

4) C