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With regards to economic growth, what is the goal of an expansionary fiscal policy?
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
Federal program that provides monthly payments (entitlements) to people who are retired or unable to work is called
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
Discretionary fiscal policy is defined as
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
How will a contractionary fiscal policy affect a budget deficit?
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
Which item is NOT a means to finance government spending?
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
What does contractionary fiscal policy do to economic growth?
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
What is one way the government CANNOT influence income redistribution?
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
Which pairs of operations BEST fit with fiscal policy?
a deliberate change in tax laws and government spending to change equilibrium income.
to increase economic growth
government subsidies
government spending and taxation
Open Market Policy
shrink the deficit
Social Security.
decreases it
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