Discretionary fiscal policy _____
Fill in the blank(s) with the appropriate word(s).
is the deliberate manipulation of government purchases, transfer payments, and taxes to promote macroeconomic goals.
You might also like to view...
When money is accepted as payment for a good or service, it is being used as a
A) medium of exchange. B) mechanism for transforming current purchases into future purchases. C) store of value. D) unit of account.
If growth in the United States speeds up so that investors believe they can make a bigger profit from U.S. assets, the ________ U.S. dollars will ________
A) demand for; increase B) demand for; decrease C) supply of; increase D) supply of; decrease
All of the following are market determinants of exchange rates EXCEPT
A) changes in productivity in one country relative to another. B) changes in real interest rates in one country relative to another. C) changes in product preferences between countries. D) changes in the relative prices of goods and services within a country.
Unemployment payments
a. fall during periods of prosperity and thus reduce inflationary pressures b. fall during periods of prosperity and thus increase inflationary pressures c. fall during recessions and thus increase the problem of unemployment d. rise during periods of prosperity and thus increase inflationary pressures e. rise during recessions and thus increase the problem of unemployment