Fiscal policy is
A) periodic fluctuations in the level of economic activity.
B) manipulation of the money supply and credit in the economy to reduce fluctuations in the business cycle.
C) government policy concerning the manipulation of its spending and taxation to reduce fluctuations in the business cycle.
D) the sum of government agricultural subsidies plus transfer payments.
E) government expenditures minus tax revenues.
Correct Answer:
Verified
Q138: Which of the following best describes what
Q139: When we are running a federal budget
Q140: Which of the following would be a
Q141: Which statement is true?
A)We have a national
Q142: Federal budget deficits
A)help stabilize the economy during
Q144: Fiscal year 1996 ran from
A)January 1,1996 to
Q145: If the multiplier is 10,the MPC is
A)0.
B).1.
C).5.
D).9.
E)1.0.
Q146: According to Keynes,if the economy is in
Q147: The national debt is now about
A)$700 million.
B)$9
Q148: If the MPC is .8,the multiplier is
A).2.
B).8.
C)1.
D)5.
E)8.
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