Question 1

Whats defention of terms:
-automatic fiscal policy

Accepted Answer

policies that are fixed in place by law for the indefinite future

Question 2

Whats defention of terms:
-balanced budget

Accepted Answer

condition under which government expenditures equal taxes

Question 3

Whats defention of terms:
-Debt

Accepted Answer

occurs when the accumulated yearly budget deficits of government are greater than the budget surpluses

Question 4

Whats defention of terms:
-Deficit

Accepted Answer

The answer of Whats defention of terms:
-Deficit...

Question 5

Whats defention of terms:
-discretionary fiscal policy

Accepted Answer

The answer of Whats defention of terms:
-discretionary fiscal policy...

Question 6

Whats defention of terms:
-fiscal policy

Accepted Answer

The answer of Whats defention of terms:
-fiscal policy...

Question 7

Whats defention of terms:
-Surplus

Accepted Answer

The answer of Whats defention of terms:
-Surplus...

Question 8

Whats defention of terms:
-Transfer payments

Accepted Answer

The answer of Whats defention of terms:
-Transfer payments...

Question 9

Define and describe fiscal policy tools, and give historical examples of how they have been used.
-What fiscal policy finally brought the U.S. out of the Great Depression of the 1930's? Explain.

Accepted Answer

The answer of Define and describe fiscal policy tools, and...

Question 10

Compare and contrast conservative and progressive views on fiscal policy.
-What problems are created by active fiscal policies according to conservative economists?

Accepted Answer

The answer of Compare and contrast conservative and progressive views...

Question 11

Compare and contrast conservative and progressive views on fiscal policy.
-Give some examples of fiscal policy that progressive economists would use to help the economy. How would progressive economists counter conservative criticisms of fiscal policy?

Accepted Answer

The answer of Compare and contrast conservative and progressive views...

Question 12

Discuss how budget deficits, budget surpluses, and debt enter into the debate on fiscal policy.
-Describe how fiscal policy decisions can be constrained by high debt.

Accepted Answer

The answer of Discuss how budget deficits, budget surpluses, and...

Question 13

Discuss how budget deficits, budget surpluses, and debt enter into the debate on fiscal policy.
-How would budget deficits be erased through the use of fiscal policy, according to progressive economists?

Accepted Answer

The answer of Discuss how budget deficits, budget surpluses, and...

Question 14

Explain how fiscal policy should be used in a recession or if there is inflation, and describe how the appropriate fiscal policy affects recession and inflation.
-What fiscal policies should be used if there is a recession? Explain how they would work.

Accepted Answer

The answer of Explain how fiscal policy should be used...

Question 15

Explain how fiscal policy should be used in a recession or if there is inflation, and describe how the appropriate fiscal policy affects recession and inflation.
-What fiscal policies should be used if there is inflation? Explain how they would work.

Accepted Answer

The answer of Explain how fiscal policy should be used...

Question 16

List and describe the problems of using fiscal policy.
-State some of the political issues/problems with fiscal policy. Give an historical example.

Accepted Answer

The answer of List and describe the problems of using...

Question 17

List and describe the problems of using fiscal policy.
-How might the use of fiscal policy have a negative impact on some private businesses? Explain.

Accepted Answer

The answer of List and describe the problems of using...

Question 18

Explain how military spending affects the economy.
-Why is military spending usually politically popular? Who benefits? Who does not benefit?

Accepted Answer

The answer of Explain how military spending affects the economy.
-Why...

Question 19

Explain how military spending affects the economy.
-What are some opportunity costs to military spending?

Accepted Answer

The answer of Explain how military spending affects the economy.
-What...

Question 20

Explain how military spending affects the economy.
-Explain the "guns versus butter" debate. Where would you stand on this debate? Why?

Accepted Answer

The answer of Explain how military spending affects the economy.
-Explain...

Quiz 47: Fiscal Policy

Whats defention of terms: -automatic fiscal policy

Whats defention of terms: -balanced budget

Whats defention of terms: -Debt

Whats defention of terms: -Deficit

Whats defention of terms: -discretionary fiscal policy

Whats defention of terms: -fiscal policy

Whats defention of terms: -Surplus

Whats defention of terms: -Transfer payments

Define and describe fiscal policy tools, and give historical examples of how they have been used. -What fiscal policy finally brought the U.S. out of the Great Depression of the 1930's? Explain.

Compare and contrast conservative and progressive views on fiscal policy. -What problems are created by active fiscal policies according to conservative economists?

Compare and contrast conservative and progressive views on fiscal policy. -Give some examples of fiscal policy that progressive economists would use to help the economy. How would progressive economists counter conservative criticisms of fiscal policy?

Discuss how budget deficits, budget surpluses, and debt enter into the debate on fiscal policy. -Describe how fiscal policy decisions can be constrained by high debt.

Discuss how budget deficits, budget surpluses, and debt enter into the debate on fiscal policy. -How would budget deficits be erased through the use of fiscal policy, according to progressive economists?

Explain how fiscal policy should be used in a recession or if there is inflation, and describe how the appropriate fiscal policy affects recession and inflation. -What fiscal policies should be used if there is a recession? Explain how they would work.

Explain how fiscal policy should be used in a recession or if there is inflation, and describe how the appropriate fiscal policy affects recession and inflation. -What fiscal policies should be used if there is inflation? Explain how they would work.

List and describe the problems of using fiscal policy. -State some of the political issues/problems with fiscal policy. Give an historical example.

List and describe the problems of using fiscal policy. -How might the use of fiscal policy have a negative impact on some private businesses? Explain.

Explain how military spending affects the economy. -Why is military spending usually politically popular? Who benefits? Who does not benefit?

Explain how military spending affects the economy. -What are some opportunity costs to military spending?

Explain how military spending affects the economy. -Explain the "guns versus butter" debate. Where would you stand on this debate? Why?