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