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Basic Question 2 of 2

A cut in defense spending is an example of a(n) ______.

A. expansionary monetary policy
B. expansionary fiscal policy
C. contractionary fiscal policy

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe tools of fiscal policy, including their advantages and disadvantages

CFA® 2025 Level I Curriculum, Volume 1, Module 3.