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WAEC Economics 2024 Question 40

Question 40

Public Finance

Expansionary fiscal policy implies

  1. A.decreasing bank loans.
  2. B.raising tax rates.
  3. C.increasing the bank rate.
  4. D.decreasing tax rates.
Show the answer and explanation

Answer: D (decreasing tax rates.)

Explanation

Lower taxes leave people more to spend, expanding demand.