Macroeconomics Module 11 Review

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ECON-2410 Review

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Naomi Pham

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Macroeconomics Module 11 Review


Macroeconomics Module 11 ReviewVersión en línea ECON-2410 Review por Naomi Pham 1 Economists use the term fiscal policy to refer to changes in taxing and spending policies a only by the federal government b only by state and local governments c by all levels of government, federal, state, and local d by none of the above 2 Changes in taxes and spending that happen without actions by the government are called a automatic stabilizers b discretionary fiscal policy changes c autonomous fiscal expenditures d transfer payments 3 If the government cuts taxes in order to increase aggregate demand, the action is called a a discretionary fiscal policy b a procyclical policy c an automatic stabilizer d a discretionary monetary policy 4 Which of the following are categories of federal government expenditures? a transfer payments b interest on the national debt c grants to state and local governments d all of the above 5 The goal of expansionary fiscal policy is a to increase aggregate demand b to decrease short-run aggregate supply c to decrease long-run aggregate supply d all of the above 6 Consider the figures below. Determine which combination of fiscal policies shifted AD1 to AD2 in each figure and returned the economy to long-run macroeconomic equilibrium. a example A: expansionary fiscal policy; example B: contractionary fiscal policy b example A: contractionary fiscal policy; example B: contractionary fiscal policy c example A: expansionary fiscal policy; example B: expansionary fiscal policy d example A: contractionary fiscal policy; example B: expansionary fiscal policy 7 An attempt to reduce inflation requires ____ fiscal policy, which causes real GDP to ____ and the price level to ____. a contractionary; fall; fall b expansionary; rise; rise c contractionary; rise; fall d expansionary; rise; fall

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Macroeconomics Module 11 Review

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Macroeconomics Module 11 ReviewVersión en línea

por Naomi Pham

Economists use the term fiscal policy to refer to changes in taxing and spending policies

Changes in taxes and spending that happen without actions by the government are called

If the government cuts taxes in order to increase aggregate demand, the action is called

Which of the following are categories of federal government expenditures?

The goal of expansionary fiscal policy is

Consider the figures below. Determine which combination of fiscal policies shifted AD1 to AD2 in each figure and returned the economy to long-run macroeconomic equilibrium.

An attempt to reduce inflation requires fiscal policy, which causes real GDP to and the price level to .

Macroeconomics Module 11 Review

Test

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

Top juegos

Test

Verbos irregulares en Inglés

Test

Tipos de sintagmas (II)

Test

Cultura general española

Test

cuanto sabes de Futbol

Test

Brawl stars preguntas

Macroeconomics Module 11 ReviewVersión en línea

por Naomi Pham

Economists use the term fiscal policy to refer to changes in taxing and spending policies

Changes in taxes and spending that happen without actions by the government are called

If the government cuts taxes in order to increase aggregate demand, the action is called

Which of the following are categories of federal government expenditures?

The goal of expansionary fiscal policy is

Consider the figures below. Determine which combination of fiscal policies shifted AD1 to AD2 in each figure and returned the economy to long-run macroeconomic equilibrium.

An attempt to reduce inflation requires ____ fiscal policy, which causes real GDP to ____ and the price level to ____.

An attempt to reduce inflation requires fiscal policy, which causes real GDP to and the price level to .