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Basic Question 2 of 7
A tax cut reduces the amount of money that taxpayers owe the government and frees up money for personal spending. This can cause a ______.
B. supply shock
C. tax shock
A. demand shock
B. supply shock
C. tax shock
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Martin Rockenfeldt
Learning Outcome Statements
determine whether a monetary policy is expansionary or contractionary;
describe limitations of monetary policy;
CFA® 2024 Level I Curriculum, Volume 2, Module 12.