Question

4.?
A. interest on the national

debt

B. national defense

C. Social Security and Medicare programs

D. grants to state and local governments

5. Which of the following is an example of discretionary fiscal policy?

A. an increase in unemployment insurance payments during a recession

B. the tax cuts passed by Congress in 2001 to combat the recession

C. a decrease in food stamps issued during an expansion or boom

D. an increase in income tax receipts with rising income during an expansion

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