1. Nearly 70% of U.S. government securities are owned by ______.
Answer
Correct Answer:
U.S. citizens and institutions
Note: This Question is unanswered, help us to find answer for this one
2. In 1980, Ronald Reagan campaigned to ______.
Answer
Correct Answer:
Lower taxes
Note: This Question is unanswered, help us to find answer for this one
3. During normal economic times, automatic stabilizers are ______.
Answer
Correct Answer:
More effective than expansionary policy
Note: This Question is unanswered, help us to find answer for this one
4. The most important automatic stabilizer is the ______.
Answer
Correct Answer:
Tax system
Note: This Question is unanswered, help us to find answer for this one
5. The time between the realization there is an economic downturn and the enactment of fiscal policy to address it is known as the ______.
Answer
Correct Answer:
Implementation lag
Note: This Question is unanswered, help us to find answer for this one
6. The time between the start of an economic downturn and the gathering of data that reflect the downturn is known as the ______.
Answer
Correct Answer:
Recognition lag
Note: This Question is unanswered, help us to find answer for this one
7. The Kennedy tax cuts of 1964 led to ______.
Answer
Correct Answer:
Economic growth
Note: This Question is unanswered, help us to find answer for this one
8. Economist Arthur Laffer is ______.
Answer
Correct Answer:
A supply-side economist
Note: This Question is unanswered, help us to find answer for this one
9. The government has used demand-side policies ______.
Answer
Correct Answer:
Since the 1930s
Note: This Question is unanswered, help us to find answer for this one
10. What percentage of their 2008 rebates did consumers actually spend?
Answer
Correct Answer:
35%
Note: This Question is unanswered, help us to find answer for this one
11. The multiplier effect refers to ______.
Answer
Correct Answer:
A chain reaction of additional income and purchases that results in total purchases that are greater than the initial increase in purchases
Note: This Question is unanswered, help us to find answer for this one
12. Contractionary policy can be used to ______.
Answer
Correct Answer:
Close an inflationary gap
Note: This Question is unanswered, help us to find answer for this one
13. Expansionary policy can be used to ______.
Answer
Correct Answer:
Close a recessionary gap
Note: This Question is unanswered, help us to find answer for this one
14. The largest fiscal stimulus policy in U.S. history was enacted in ______.
Answer
Correct Answer:
2009
Note: This Question is unanswered, help us to find answer for this one
15. The term “fiscal policy” is used to describe actions of ______.
Answer
Correct Answer:
The federal government
Note: This Question is unanswered, help us to find answer for this one
16. A chain reaction of additional income and purchases that results in total purchases that are greater than the initial increase in purchases is called
Answer
Correct Answer:
Multiplier effect
Note: This Question is unanswered, help us to find answer for this one
17. The discretionary, or deliberate, use of government purchases and taxes to alter equilibrium output and prices to stabilize the economy is fiscal policy
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
18. Automatic stabilizers changes in government transfer payments or tax collections that automatically help counter business cycle fluctuations
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
