Fiscal Policy Worksheet Follow these steps: A. Identify if the problem is inflation or unemployment. If unemployment, state which type of unemployment. B. If it is cyclical unemployment, list the two ways fiscal policy can be used to resolve the problem. If it is some other type of unemployment, state what the government should do. C. If the problem is inflation, list the two ways fiscal policy can be used to resolve the problem.

Fiscal Policy Worksheet Follow these steps: A. Identify if the problem is inflation or unemployment. If unemployment, state which type of unemployment. B. If it is cyclical unemployment, list the two ways fiscal policy can be used to resolve the problem. If it is some other type of unemployment, state what the government should do. C. If the problem is inflation, list the two ways fiscal policy can be used to resolve the problem.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Follow these steps: A. Identify if the problem is inflation or unemployment. If unemployment, state which type of unemployment. B. If it is cyclical unemployment, list the two ways fiscal policy can be used to resolve the problem. If it is some other type of unemployment, state what the government should do. C. If the problem is inflation, list the two ways fiscal policy can be used to resolve the problem. 1. Most all people are employed. People are spending more money than ever before and they are buying very high dollar goods. Many retailers have found they they can charge higher prices.
Which of the following is NOT a component of federal fiscal policy? A. Federal tax revenues B. Federal government expenditures C. Federal budget deficit D. All of the above are components of federal fiscal policy
The largest single portion of the federal budget is devoted to A. interest payments on the national debt.B. national defense.C. Medicare and Medicaid.D. education.E. Social Security and unemployment compensation.
Which of the following programs are often funded by the payroll tax? Check all that apply. A. social security programs B. unemployment benefits C. library services D. education services
Using examples from 2008-currently, explain fiscal policy. In your answer be sure to include what Fiscal Policy is and how some of the recent policies have impacted the economy (GDP and Budgets) in both the short term and the long term.
Title Actions by the Federal Government that decrease the progressivity of the tax system: a. decrease th Description Actions by the Federal Government that decrease the progressivity of the tax system: a. decrease the amount of government spending b. increase the effects of automatic stabilizers c. decrease the effects of automatic stabilizers d. increase the amount of taxation
One criticism of the fiscal policy ineffectiveness is because: A.the velocity of money is predictable. B.it is dependent on Congress' approval. C.the crowding-out effect increases investment. D.prices and wages are sticky in the short run.
All of the following, except one, would result from expansionary fiscal policy. Which is the exception? Multiple Choice O O O Increased price level. Increased GDP. Decreased budget deficit. Decreased unemployment. 4
None
Which is a good fiscal policy when inflation is very low and unemployment is very high? Decrease the money supply O Increase government purchases of goods and services Cut government transfer payments Decrease the budget deficit
What is a default on the national debt? A. The Federal Reserve purchases Treasurys issued by the federal government. B. The federal government buys back its own debt from the holders of United States Treasuries by having the Treasury print money. C. The holders of United States Treasurys forgive the debt and provide the government with cash. D. The federal government declares bankruptcy or restructures the payments on its debts with the lenders.
Question 15 Congress' Economic Council recommends avoiding budget deficits to avoid crowding out private investment. The council appears to follow a. the supply side approach to fiscal policy. b. the neoclassical approach to fiscal policy. c. the Keynesian approach to fiscal policy. d. conservative principles to avoid debt.