hw 3 for macro

The intent of contractionary fiscal policy is to:

The crowding-out effect suggests that:

A major reason that the public debt cannot bankrupt the Federal government is because:

Due to automatic stabilizers, when the nation's total income rises, government transfer spending

Discretionary fiscal policy refers to

If the government wants to reduce unemployment using fiscal policy, it may do so by increasing government spending.

A specific reduction in government spending will dampen demand-pull inflation by a greater amount the

An expansionary fiscal policy is shown as a:

Expansionary fiscal policy during a recession means cutting taxes, increasing government spending, or taking both actions.

If the government wishes to increase the level of real GDP, it might reduce:

The following are important problems associated with the public debt, except:

A decrease in government spending and a cut in taxes would be a pair of fiscal policies that reinforce each other.

A contractionary fiscal policy shifts the aggregate demand curve leftward.

The two reasons why bankruptcy is a false concern about the public debt are:

Which of the following fiscal policy changes would be the most expansionary

Which of the following represents the most expansionary fiscal policy?

If the government wants to reduce unemployment using fiscal policy, it may do so by increasing government spending.

The goal of expansionary fiscal policy is to increase:

The public debt is the

The intent of contractionary fiscal policy is to:

Which of the following serves as an automatic stabilizer in the economy?

The crowding-out effect suggests that:

Which of the following fiscal policy changes would be the most contractionary?

Due to automatic stabilizers, when the nation's total income rises, government transfer spending:

If the MPS in an economy is .1, government could shift the aggregate demand curve rightward by $40 billion by

If the MPC in the economy is .75, government could shift the aggregate demand curve rightward by $30 billion by cutting taxes by $10 billion

An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $36 billion to reduce inflationary pressure. The MPC is 0.75. By how much should the government raise taxes to achieve its objective?

A major advantage of the built-in or automatic stabilizers is that they:

How is the public debt calculated?