WAEC Economics 2024 Objective — Question 40

Question 40 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.

40. Expansionary fiscal policy implies

A. decreasing bank loans.
B. raising tax rates.
C. increasing the bank rate.
D. decreasing tax rates.Correct

Explanation

Expansionary fiscal policy aims to put more money into the economy; one way to do this is by decreasing taxes, leaving people with more money in hand.

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