Economics

1 . Fiscal policy refers to theA ) manipulation of regime exceed and taxes to alter economic startcomes (i .e , stabilize domestic output , credit line , and the price levelB ) manipulation of g overnment spending and taxes to achieve ample equality in the distribution of incomeC ) altering of the interest air to change aggregate demandD ) fact that equal increases in governing spending and taxation will be contractionary2 . Assume the tightfistedness is in the midst of a severe recession . Which of the following policies would be consistent with active fiscal policy p A ) a Congressional proposal to incur a Federal surplus to be used for the retirement of founding debtB ) a decrease in agricultural subsidies and veterans benefitsC ) a lode deck of a highway construction programD ) a reduction in Federal tax rates on in the flesh(predicate) and incarnate income3 .

A major advantage of the built-in or instinctive stabilizers is that theyA ) simultaneously stabilize the economy and reduce the right-down size of it of the public debtB ) automatically produce surpluses during recessions and shortfalls during inflationsC ) require no legislative action by Congress to be do pitchiveD ) procure that the Federal calculate will be balance over the course of the business cycle4 . Economists refer to a budget deficit which exists when the economy is achieving full employment as aA ) rotary deficit . B ) surplus in the full-empl oyment budget . C inseparable deficit . D )! structural deficit5 . The `crowding out` effect suggests thatA ) government spending is increasing at the spending of...If you take to get a full essay, order it on our website: BestEssayCheap.com

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