Question 1

List and summarize the three shortcomings of fiscal policy.

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Question 2

Give an explanation of a savings shift.

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Question 3

Define what economists refer to as crowding-out.Also,please represent crowding-out using the loanable funds market.

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Question 4

Your friend,who is not an economist,tells you that he heard in the media that "the government can increase spending and decrease taxes in order to safely evade recessions." As an economist,how would you respond to this?

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Question 5

Name and describe the three different time lags that are present with fiscal policy.

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Question 6

Why may foreign ownership of U.S.debt be good for the United States? Why may foreign ownership of U.S.debt be bad for the United States?

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Quiz 17: Fiscal Policy and Budget Deficits