Macro 13

Discretionary fiscal policy refers to:

Countercyclical discretionary fiscal policy calls for:

Discretionary fiscal policy is so named because it:

Expansionary fiscal policy is so named because it:

Contractionary fiscal policy is so named because it:

An economist who favors smaller government would recommend:

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

If the MPC in an economy is .8, government could shift the aggregate demand curve rightward by $100 billion by:

An economist who favored expanded government would recommend:

Assume the economy is at full employment and that investment spending declines dramatically. If the goal is to restore full employment, government fiscal policy should be directed toward:

Suppose that the economy is in the midst of a recession. Which of the following policies would most likely end the recession and stimulate output growth?

An appropriate fiscal policy for severe demand-pull inflation is:

A contractionary fiscal policy is shown as a:

An expansionary fiscal policy is shown as a:

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

The cyclically adjusted budget tells us:

The amount by which government expenditures exceed revenues during a particular year is the:

Since 2002, the United States has had:

The financing of a government deficit increases interest rates and, as a result, reduces investment spending. This statement describes:

Which of the following would not help to relieve the Social Security and Medicare shortfalls?

which of the following is a potential flaw of fiscal policy?

the total public debt represents the total amount of money owned by the federal government to holders of U.S government

increases in which of the following will always accompany a negative GDP gap?

what provides the information needed to assess discretionary policy and determine whether it is expansionary, contractionary or neutral?

the total amount of money owed by the united states treasury to holders of US securities is the total

which of the following is a problem that may arise in connection with fiscal policy?

which are included in the definition of public in regards to the holders of federal debt

the federal government's purposeful manipulation of taxes and spending in order stimulate the economy or rein in inflation is known as

an economy's potential output is also known as

when aggregate demand increases, the price level rises. but when aggregate demand decreases, the price level tends to be inflexible. which of the following effects is described by the above statement