MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 11, Problem 3SQP
(a)
To determine
Type of discretionary fiscal policy of the government.
(b)
To determine
Fiscal policy nature.
(c)
To determine
Discretionary policy of the government.
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Students have asked these similar questions
Which of the following is NOT a component of federal fiscal policy?
A.
Federal tax revenues
B.
Federal government expenditures
C.
Federal budget deficit
D.
All of the above are components of federal fiscal policy
Which of the following government actions is an example of fiscal policy?
A.
Regulation of utility prices.
B.
Increased government spending on social programs.
C.
Changes in the money supply.
D.
The institution of wage and price controls.
Which of the following best describes a fiscal policy tool?
1. Government spending
II. Government taxes
III. Interest rates.
IV. Bank lending
V. Financial capital markets
I and II
I and VI
III, IV, and V
Chapter 11 Solutions
MACROECONOMICS FOR TODAY
Ch. 11.3 - Prob. 1YTECh. 11 - Prob. 1SQPCh. 11 - Prob. 2SQPCh. 11 - Prob. 3SQPCh. 11 - Prob. 4SQPCh. 11 - Prob. 5SQPCh. 11 - Prob. 6SQPCh. 11 - Prob. 7SQPCh. 11 - Prob. 8SQPCh. 11 - Prob. 9SQP
Ch. 11 - Prob. 10SQPCh. 11 - Prob. 11SQPCh. 11 - Prob. 1SQCh. 11 - Prob. 2SQCh. 11 - Prob. 3SQCh. 11 - Prob. 4SQCh. 11 - Prob. 5SQCh. 11 - Prob. 6SQCh. 11 - Prob. 7SQCh. 11 - Prob. 8SQCh. 11 - Prob. 9SQCh. 11 - Prob. 10SQCh. 11 - Prob. 11SQCh. 11 - Prob. 12SQCh. 11 - Prob. 13SQCh. 11 - Prob. 14SQCh. 11 - Prob. 15SQCh. 11 - Prob. 16SQCh. 11 - Prob. 17SQCh. 11 - Prob. 18SQCh. 11 - Prob. 19SQCh. 11 - Prob. 20SQ
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Similar questions
- Is expansionary fiscal policy more attractive to politicians who believe in larger government or to politicians who believe in smaller government? Explain your answer.arrow_forwardWhich of the following is incorrect regarding tax revenues? a.they increase during recessions b.they increase during economic expansions c. they are a revenue source in the government's budget d. they change with changes in the tax ratearrow_forwardOur federal government establishes a budget that determines what programs and services can be provided and how to pay for these programs and services. How does fiscal policy differ from the federal government establishing a budget? How does fiscal policy prevent a recession? What are some fiscal policy options for moving the economy out of a recession?arrow_forward
- In the context of fiscal policy, what is a budget surplus? A. Government spending exceeds government revenue B. Government revenue exceeds government spending C. Government spending is equal to government revenue D. Government debt is reduced to zeroarrow_forwardWhich of the following is carried out in an expansionary fiscal policy? a. Higher taxes and higher government expenditure b. Lower taxes and higher government expenditure c. Higher taxes and lower government expenditure d. Lower taxes and lower government expenditure.arrow_forwardWhich of the following is an example of fiscal policy? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Electing a new member of Congress. Changing G or changing T. C Increasing the amount of money in circulation. d Charging a higher interest rate on mortgages.arrow_forward
- Compare two fiscal policies: a tax cut on income or an increase in government spending on roads and bridges. What are both the short-term and long-term impacts of such policies on the economy?arrow_forwardFiscal policy is conducted by the government and aims at boosting the economy; which of the following is an example of expansionary fiscal policy? a. Increasing government spending while holding taxes constant. b. Increasing taxes while holding government spending constant. c. Increasing taxes and increasing government spending by the same amount. d. Decreasing taxes and decreasing government spending by the same amount.arrow_forwardWhat is the tax policy? What is the importance of fiscal policy?arrow_forward
- Which of the following illustrates the effectiveness lag? A.Policymakers implement contractionary fiscal policy but it will be a few months before it starts working. B.Policymakers believe an economic downturn has occurred, but they decide not to take action until they are sure. C.Policymakers first learn of the recession when it is five months old. D.Policymakers agree to increase taxes, but it will be at least two months before the policy is implemented.arrow_forwardAn example of a fiscal policy designed to increase real GDP is a. a cut in taxes. b. an increase in taxes. c. a decrease in government expenditure. d. None of these answers is correct.arrow_forwardFiscal stance refers to: Select one: A. A government that takes a tough stance when it comes to running the country’s finances B. A government that is running a budget deficit C. A government that is running a budget surplus D. Whether a government is pursuing an expansionary or contractionary fiscal policyarrow_forward
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