Question

What impact does an expansionary fiscal policy action, such as a tax cut, generally have on consumer and business spending?(1 point)

Responses

spending increases for businesses and decreases for consumers
spending increases for businesses and decreases for consumers

spending decreases for businesses and increases for consumers
spending decreases for businesses and increases for consumers

spending increases for both businesses and consumers
spending increases for both businesses and consumers

spending decreases for both businesses and consumers

Answer 1

[AI-generated answer — Bot GPT 3.5]

spending increases for both businesses and consumers