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The country of Zurkistan is experiencing both high interest rates and high inflation. The government passes laws that reduce government spending and increase taxes. It takes many months before interest rates fall and inflation is reduced. This is an example of:
The country of Zurkistan is experiencing both high interest rates and high inflation. The government passes laws that reduce government spending and increase taxes. It takes many months before interest rates fall and inflation is reduced. This is an example of:
Which of the following statements about achieving proper timing in fiscal policy is least accurate?
Which of the following statements about achieving proper timing in fiscal policy is least accurate?
A government that is implementing a contractionary fiscal policy is most likely to:
A government that is implementing a contractionary fiscal policy is most likely to:
Assuming the economy currently is experiencing high inflation, an example of appropriate discretionary fiscal policy is:
Assuming the economy currently is experiencing high inflation, an example of appropriate discretionary fiscal policy is:
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Which of the following statements best explains the importance of the timing of changes in discretionary fiscal policy? Changes in discretionary fiscal policy must be timed properly if they are going to:
Which of the following statements best explains the importance of the timing of changes in discretionary fiscal policy? Changes in discretionary fiscal policy must be timed properly if they are going to:
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Assuming the federal government maintains a balanced budget, the most likely effects of a tax increase on government expenditures and real GDP are:
Government Expenditures, Real GDP:
Assuming the federal government maintains a balanced budget, the most likely effects of a tax increase on government expenditures and real GDP are: Government Expenditures, Real GDP:
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The government budget deficit of Country M is increasing. At the same time, the government budget surplus of Country N is decreasing. Are the fiscal policies of these countries expansionary or contractionary?
The government budget deficit of Country M is increasing. At the same time, the government budget surplus of Country N is decreasing. Are the fiscal policies of these countries expansionary or contractionary?
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The time it takes for policy makers to enact a fiscal policy action is best described as:
The time it takes for policy makers to enact a fiscal policy action is best described as:
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Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions about the effects of fiscal policy on real GDP for an economy currently experiencing a recession. Necco states that real GDP is likely to increase if both government spending and taxes are increased by the same amount. Packard states that if both government spending and taxes are increased by the same amount, there is no expected net effect on real GDP.
Are the statements made by Necco and Packard CORRECT? Necco, Packard:
Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions about the effects of fiscal policy on real GDP for an economy currently experiencing a recession. Necco states that real GDP is likely to increase if both government spending and taxes are increased by the same amount. Packard states that if both government spending and taxes are increased by the same amount, there is no expected net effect on real GDP.
Are the statements made by Necco and Packard CORRECT? Necco, Packard:
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The time it takes for policy makers to determine that the economy requires a fiscal policy action is best described as:
The time it takes for policy makers to determine that the economy requires a fiscal policy action is best described as:
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An example of a contractionary fiscal policy change is a(n):
An example of a contractionary fiscal policy change is a(n):
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The time it takes for a fiscal policy action to affect the economy is best described as:
The time it takes for a fiscal policy action to affect the economy is best described as:
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