Economics 0455 · IGCSE · Fiscal policy

Fiscal policy — practice question

The table gives the unemployment rates and real GDP growth figures for an economy in year 1 and year 2. Which mix of policy measures would be most effective in bringing the economy back to the year 1 level of activity?

  • Aa decrease in direct taxes and an increase in the rate of interest
  • Ba decrease in government expenditure and an increase in the rate of interest
  • Can increase in direct taxes and a decrease in the rate of interest
  • Dan increase in government expenditure and a decrease in the rate of interest

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