Econ

I kind of miss use the term fiscal policy to refer to changes in taxing on spending policy

only by the federal government

The corporate income tax rate is increased. this is

part of a contractionary fiscal policy

The individual income tax rate is decreased. This is

part of an expansionary fiscal policy

what is fiscal policy

fiscal policy can be described as changes in government spending and taxes to achieve macroeconomic policy objectives

when the economy is experiencing recession automatic stabilizers will cause

transfer payments to increase and tax revenues to decrease

Congress and the president and act a temporary cut in payroll taxes

A discretionary fiscal policy

which of the following, if true, will strengthen Roma's claim that prices are rising due to an acute shortage of goods in the economy

A severe drought in the countries agriculture belt caused considerable damage to crops and livestock this year

The graph to the right illustrates the static AD-AS model. The government decides to decrease government spending. In the short run this country dictionary fiscal policy will cause

A shift from AD2 to AD1 in movement movement to pointy, with a lower price level and lower output

in the graph of the money market, what caused the money demand curve to shift from MS1 to MS2

Both a and c

The unemployment rate

Decrease the unemployment rate by increasing production

The price level

Increase the price level because more is demanded

defense spending is increased. This is

Not part of fiscal policy

in the graph of the money market, what could cause the money supply curve to shift from MS1 to MS2

The FED decreases the money supply by deciding to sell US treasury securities

Who is responsible for fiscal policy

The federal government controls fiscal policy

which of the following is true will strengthen Emily's claim that the high fiscal deficient is affecting the governments ability to spend

a sizable portion of the tax revenue generated in Dorada is being used to make interest payments on Soviet debt

which of the following is not a correct comparison between an expansionary fiscal policy and the basic aggregate demand and aggregate supply model and in the dynamic aggregate demand an aggregate supply model

all of the above are correct statements about the two models

The revenue the federal government collect from the individual income tax declines during a recession

an automatic stabilizer

What changes should they make it they decide a contractionary fiscal policy is necessary

in this case Congress and the president should enact policies that decrease government spending and increase taxes

if Congress and the president decided expansionary fiscal policy is necessary, what changes should they make in government spending or taxes

in this case, Congress and the president shit in their policies that increase government spending and decrease taxes

Real GDP

increase real GDP by increasing aggregate demand

which of the following raises the largest percent of federal government revenue

individual income taxes

Can we conclude that Congress and the president cut individual income tax rates in 1983

no. It could be that the economy contracted, so less income was earned and less was paid in tax

After September 11, 2001, the federal government increase military spending on wars in Iraq and Afghanistan. Is this in case and spending considered fiscal policy

no. The increase in defense spending after that date was designed to achieve homeland security objectives

The federal government changes the required gasoline mileage for new cars

not a fiscal policy

families are allowed to deduct all their expenses for daycare from the federal income taxes. This is

not part of fiscal policy

The federal reserve lowers the target for the federal funds rate. This is

not part of the fiscal policy

In 2009, was is this piece of legislation an example of fiscal policy

yes, because the primary goal of the spending program was to stimulate the national economy