When changes to taxes and spending occur in the economy without explicit action by the Federal government, such policy is:

Discretionary fiscal policy refers to:

Fiscal policy refers to the:

Which are contractionary fiscal policies?

Expansionary fiscal policy is so named because it:

Contractionary fiscal policy is so named because it:

In an aggregate demand and aggregate supply graph, an expansionary fiscal policy can be illustrated by a:

Which combination of fiscal policy actions would be most stimulative for an economy in a deep recession?

As the economy declines, the collection of personal income tax revenues automatically falls. This relationship best describes how the progressive income tax system:

Which is an example of an automatic stabilizer? As real GDP decreases, income tax revenues:

Automatic stabilizers smooth fluctuations in the economy because they produce changes in government's deficit that:

One advantage of automatic fiscal policy over discretionary fiscal policy is that automatic fiscal policy:

Which is regarded as an automatic stabilizer in the economy?

One timing problem with fiscal policy to counter a recession is a recognition lag that occurs between the:

One timing problem with fiscal policy to counter a recession is an administrative lag that occurs between the:

The crowding-out effect works through interest rates to:

A Federal budget deficit exists when:

A budget surplus means that:

A person states that: A large public debt will bankrupt the United States government. An economist is likely to respond:

Which is an important consequence of the public debt of the United States?

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