JAMB Economics 2020 Objective — Question 31
Question 31 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.
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An example of an expansionary fiscal policy action is a
- A. decrease in the corporate profit tax ratesCorrect
- B. decrease in welfare payments
- C. purchase of government securities
- D. decrease in the bank rate
Explanation
Cutting corporate profit tax rates is an expansionary fiscal policy aimed at boosting investment/spending.
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