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Basic Question 2 of 2
A cut in defense spending is an example of a(n) ______.
B. expansionary fiscal policy
C. contractionary fiscal policy
A. expansionary monetary policy
B. expansionary fiscal policy
C. contractionary fiscal policy
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe tools of fiscal policy, including their advantages and disadvantages
CFA® 2025 Level I Curriculum, Volume 1, Module 3.