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Questions (1,046)

The recognition lag can best be described as Blank______.Multiple choice question. the lag between the fiscal action taken and
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2. 4 views
The recognition lag occurs because the economy does not move smoothly through the cycle.
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Evaluating the status of Blank______ requires adjusting deficits and surpluses to account for automatic changes in tax revenues.
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Which of the following are lag problems faced by the government related to fiscal policy?Multiple select question. Operational
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2. 7 views
Economists recognize that governments may encounter a number of significant problems in doing what?Multiple select question.
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Select all the true statements about the federal budget deficit of 2020.Multiple select question. It was only slightly larger
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The time between the beginning of a recession or inflation and the certain awareness that it is actually happening is called
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Supporters of economic stimulus pointed to the rise in inflation from 2.1 to 2.4% between 2017 and 2018 as evidence of what?Mult
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Evaluating the status of fiscal policy requires comparing the sizes of adjustments in budget deficits and surpluses according to
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2. 9 views
The recognition, administrative, and operational lags are some of the problems faced by the government related to policy.
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2. 6 views
True or false: Governments rarely have significant problems in enacting and applying fiscal policy.True false question. True
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What was an indication of a successful result for the very large fiscal stimulus applied in 2020?Multiple choice question.
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Some economists argued that fiscal stimulus in 2017 and 2018 was still necessary to counter lingering problems in the financial
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How was the American Recovery and Reinvestment Act of 2009 expected to impact aggregate supply or aggregate demand?Multiple
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2. 9 views
Many U.S. households either saved the money they received from the 2008 economic stimulus or used it to pay down credit card
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2. 6 views
Supporters of economic stimulus pointed to the rise in inflation from 2.1 to 2.4% between 2017 and 2018 as evidence of what?Mult
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2. 7 views
What type of fiscal policy was enacted in the form of the Economic Stimulus Act of 2008?Multiple choice question. Expansionary
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2. 10 views
Evaluating the status of fiscal policy requires comparing the sizes of adjustments in budget deficits and surpluses according to
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2. 9 views
Which of the following were part of the American Recovery and Reinvestment Act?Multiple select question. Tax rebates in the form
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Congress and the Bush administration responded to the 2001 recession by passing tax .
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Why were the effects of tax reductions that were part of the 2008 stimulus package passed by Congress neither as expansionary
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What provides the information needed to assess discretionary policy and determine whether it is expansionary, contractionary, or
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2. 6 views
When Congress passed the stimulus package in 2008, it caused the size of the cyclically adjusted budget deficit to .
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Evaluating the status of Blank______ requires adjusting deficits and surpluses to account for automatic changes in tax revenues.
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2. 6 views
What actions did Congress and the Bush administration take in response to the economy's sliding into recession in March 2001?Mul
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A(n) adjusted budget is used to assess the discretionary fiscal policy and determine whether it is expansionary, contractionary,
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What type of fiscal policy was enacted in the form of the Economic Stimulus Act of 2008?Multiple choice question. Neutral fiscal
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2. 8 views
If the cyclically adjusted deficit is reduced and turned into a cyclically adjusted surplus, what is the status of discretionary
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2. 7 views
Evaluating the status of fiscal policy requires comparing the sizes of adjustments in budget deficits and surpluses according to
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2. 8 views
A cyclical deficit is the federal budget deficit that is caused by a(n) .
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2. 4 views
Congress and the Bush administration responded to the 2001 recession by passing tax .
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2. 7 views
The cyclically adjusted budget reveals the status of U.S. fiscal policy by showing what the federal budget deficit or surplus
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2. 10 views
What provides the information needed to assess discretionary policy and determine whether it is expansionary, contractionary, or
1. 1 answer
2. 7 views
What do economists use to estimate the annual deficit or surplus that would occur under existing tax rates and government
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2. 7 views
If the cyclically adjusted deficit rises from 1% of GDP to 3% of GDP, what is the status of the discretionary fiscal policy?Mult
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2. 7 views
Projected deficits and surpluses are subject to large and frequent changes as government alters its policy and GDP growth
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2. 10 views
Evaluating the status of Blank______ requires adjusting deficits and surpluses to account for automatic changes in tax revenues.
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2. 3 views
What is the federal budget deficit that is caused by a recession and the consequent decline in tax revenues?Multiple choice
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The expansionary or contractionary strength of any change in discretionary fiscal policy depends on how large it is relative to
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2. 7 views
What does the government use to measure what the federal budget deficit or surplus would have been under existing tax rates and
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2. 3 views
One must adjust deficits and surpluses to eliminate automatic changes in tax revenues in order to do what?Multiple choice
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True or false: Projected deficits and surpluses are subject to large and frequent changes as government alters its policy and
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2. 2 views
Evaluating the status of fiscal policy requires comparing the sizes of adjustments in budget deficits and surpluses according to
1. 1 answer
2. 8 views
What effect do built-in stabilizers have on business cycles?Multiple choice question. Exacerbating Negligible Unpredictable
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2. 4 views
The expansionary or contractionary strength of any change in discretionary fiscal policy depends on how large it is relative to
1. 1 answer
2. 5 views
The more Blank______ the tax system, the greater the economy's built-in stability.Multiple choice question. flat progressive
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2. 3 views
Evaluating the status of fiscal policy requires adjusting deficits and surpluses to eliminate automatic changes in revenues.
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In what kind of tax system does the average tax rate fall as GDP rises?Multiple choice question. Regressive Progressive
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Built-in stabilizers can do what to swings in real GDP?Multiple choice question. Eliminate swings in real GDP Dampen swings in
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2. 7 views
In a(n) tax system, the average tax rate remains constant as GDP rises.
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2. 7 views
The difference between the progressive, proportional, and regressive tax systems is the way the tax rate responds to changes in
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2. 10 views
Built-in automatic moderate business cycles by increasing the government's budget deficit during a recession and increasing its
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2. 8 views
The more progressive the tax system, the greater the economy's Blank______.Multiple choice question. GDP government spending
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2. 9 views
In a(n) tax system, the average tax rate falls as GDP rises.
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The built-in stability of an economy depends on Blank______.Multiple choice question. the responsiveness of tax revenues to
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The average tax rate remains constant as GDP rises in what kind of tax system?Multiple choice question. Progressive Proportional
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A falling GDP leads to a tax receipt decline and moves the government's budget from Blank______ to Blank______.Multiple choice
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In a(n) tax system, the average tax rate rises with GDP, whereas in a(n) tax system, the average tax rate falls as GDP
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2. 10 views
In a(n) tax system, the average tax rate rises with GDP.
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2. 5 views
Tax revenues automatically rise and the budget moves from deficit toward surplus as the economy moves toward a higher
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2. 9 views
The built-in stabilizers of an economy depends on the responsiveness of revenues to changes in GDP.
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2. 8 views
A declining leads to a tax receipt decline and moves the government's budget from surplus toward deficit.
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Taxes restrain economic expansion because they reduce what?Multiple choice question. Household and business spending Interest
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2. 6 views
Tax revenues automatically and the budget moves from deficit toward surplus as the economy moves toward a higher GDP.
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2. 2 views
the graph, tax (T) is an upward-sloping line and government spending (G) is a horizontal line. T crosses G at GDP 2. GDP 1 is at
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2. 13 views
As GDP rises during prosperity, what happens to tax revenues?Multiple choice question. There is not enough information to answer
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2. 6 views
Which of the following reduces household and business spending?Multiple choice question. Taxes that reduce government spending
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Which of the following explain the importance of the direct relationship between tax receipts and GDP when the economy
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2. 6 views
When GDP falls during a recession and tax revenues automatically decline, what increases and cushions the economic contraction?M
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2. 8 views
Which of the following are examples of transfer payments?Multiple select question. Unemployment compensation Welfare payments
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2. 7 views
Which of the following is an example of a built-in stabilizer?Multiple choice question. The U.S tax system Fiscal policy The
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2. 5 views
What automatically happens to tax receipts when GDP declines?Multiple choice question. They stay the same. They rise. There is
1. 1 answer
2. 5 views
Anything that increases the government's budget deficit (or reduces its budget surplus) during a recession and increases its
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2. 6 views
Fill in the blank question.payments are also known as "negative taxes.
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When GDP falls during a recession and tax revenues automatically (increase/decrease), government spending increases and cushions
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2. 8 views
How do transfer payments behave in relation to tax revenues as the economy goes through a business cycle?Multiple choice
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Unemployment compensation and welfare payments are examples of payments.
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2. 6 views
Personal income taxes have progressive rates and generate what kind of increases in tax revenues as GDP expands?Multiple choice
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Virtually any tax will yield more tax revenue as Blank______ rises.Multiple choice question. inflation interest rates GDP
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2. 7 views
Transfer payments are also known as Blank______.Multiple choice question. built-in stabilizers government wages negative taxes
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True or False: Transfer payments behave in the same way as tax revenues in the course of a business cycle. They automatically
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2. 6 views
Personal income taxes have Blank______ rates and thus generate more-than-proportionate increases in tax revenues as GDP expands.
1. 1 answer
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Which of the following explain how an increase in GDP results in more tax revenue?Multiple select question. As GDP rises,
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2. 8 views
What automatically happens to tax receipts when GDP declines?Multiple choice question. There is not enough information to
1. 1 answer
2. 7 views
Fill in the blank question.taxes are tax revenues minus transfers and subsidies
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2. 7 views
Virtually any tax will yield Blank______ tax revenue as GDP rises.Multiple choice question. increasing, at a decreasing rate
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2. 8 views
Over the course of the business cycle, what happens to government tax revenues in order to stabilize the economy?Multiple choice
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Automatic changes in tax revenues over the course of the business cycle create what?Multiple choice question. Built-in
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Which of the following are steps the government can take to prevent a recessionary gap from occurring when it currently is in an
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There is a(n) Blank______ relationship between U.S. net tax revenues and GDP.Multiple choice question. direct complementary
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Tax revenues less transfers and subsidies are known as Blank______.Multiple choice question. net domestic product gross taxes
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Which of the following are used to describe policy changes that occur without congressional action?Multiple select question.
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Over the course of the business cycle, Blank______ change automatically in ways that stabilize the economy.Multiple choice
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Government can use which of the following to reduce consumption?Multiple choice question. Inflation Interest rate decreases Tax
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2. 7 views
Automatic changes in tax provide built-in stability over the course of the business cycle.
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Which of the following may the government choose to combine in order to reduce aggregate demand and check inflation?Multiple
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In the U.S. tax system, net tax revenues vary directly with Blank______.Multiple choice question. net exports GDP interest rates
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Policy changes that occur without congressional action are known as -, passive, or automatic. (Enter one word in each blank.)
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If government disregards or underestimates the multiplier effect, contractionary fiscal policy could cause aggregate demand to
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Government can use tax increases to reduce spending.
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2. 2 views

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