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Principles of Macroeconomics

Business

Quiz 14 :

Fiscal Policy

Quiz 14 :

Fiscal Policy

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President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009, a $789 billion package of tax cuts and spending increases. The spending increases focused mostly on all of the following except
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Multiple Choice
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Answer:

B

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In the United States, the fiscal year runs from May to May.
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True False
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Answer:

False

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The major summary document describing U.S. federal fiscal policy is the
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Answer:

D

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A supplemental is
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The U.S. federal budget is a
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Which of the following is true?
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The whole budget cycle takes
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All four of the major fiscal interventions implemented in the 2000's decade have been blamed for worsening the long-term budget situation of the United States.
True False
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The U.S. federal budget is a major summary document describing fiscal policy in the United States, including proposals for spending and taxes and the estimate of the corresponding budget deficit or surplus.
True False
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When tax revenues are equal to spending, there is a
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The 2008 and 2009 major fiscal stimulus bills were motivated by the serious economic recession that hit the United States in 2008, and can be classified as "countercyclical."
True False
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In 2008, President Bush signed into law the Economic Stimulus Act that mainly included which of the following fiscal measures?
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Which of the following statements is true?
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Because of the length of the budget cycle, at any given time, the federal government is discussing
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Which of the following is true?
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The president can change only a small part of the budget each year.
True False
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The third substantial piece of fiscal policy legislation passed by the Bush administration, the Economic Stimulus Act of 2008, was the most expensive fiscal policy legislation of the decade.
True False
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Most of the spending in the enacted budget is determined by
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When tax revenues are less than spending, there is a
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Which of the following is true about the projected U.S. federal tax revenues and expenditures for 2017?
Multiple Choice
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