to pay off their debts, total spending will: A) first increase and then decrease
ID: 1128513 • Letter: T
Question
to pay off their debts, total spending will: A) first increase and then decrease. eves taspayers a tax rebate financed by borrowing. if taxpayers use the tax rebate D) increase. B) decrease. C) remain unchanged. government increases its spending growth, the subsequent increase in non-government spending stimulates aggregate demand and is called the A) endowment effect. C) crowding out 8) multiplier D) automatic stabilizing 42. Which of the following is NOT an automatic stabilizer? A) welfare program B) progressive tax system greater access to credit defense spending 43. Other things being equal, a decrease in government spending growth causes: A) the dynamic AD curve to shift to the left. B) the Solow growth curve to shift to the left. C) the dynamic AD curve to shift to the right D) the Solow growth curve to shift to the right. 44. A decrease in consumption growth will cause ageregate A) shift inward B) shift outward to: C) first shift outward and then shift inward D) remain unchanged. 45·The difficulties of using fiscal policy to affect the economy include: L the automatic stabilizing effect. ll. the crowding out effect. IIL the time lag in policy effects A) land ll only 8) only C) and Ill oly D) il only 46. The tax rate paid on an additional dollar of income is the A) reserve tax rate B) marginal tax rate. 9 secondary tax rate. higher tax rate. 47. Debt held outside the U.S. government is called the A) debt-to-GDP ratio. B) debt to foreign investor holdings. C) total U.S. national debt. Dj publically held national debt 48. What is the annual difference between federal spending and revenues called? A the deficit ) tax revenue shortfall C) the national debt held by the public DJ spending as a percentage of GDP 49. The multiplier effect is the: A) increase in GDP from increased consumer savings and private investment B) increase in GDP from an increase in the money supply and decrease in taxes. increase in AD from decreased government and increased consumer spending. increase in AD from increased government and subsequent consumer spending SO. The time between which an economic shock is recognized and when the government 8) recognition lag. passes a plan to carry out a policy response is called a(n) A) effectiveness lag. adjustment lag legislative lag. Page 6Explanation / Answer
(40) C because whatever money taxpayer receive would be used in set off dues . And the government would take loan to finance tax rebate.
(41) B All other are not related to government spending increase the demand.
(42) C greater access to credit do not stabilize the condition of people.
(43) A growth would slow down.
(44) A decrease in consumption would decrease the growth rate.
(45) C automatic stabilizer don't affect.
(46)D higher income higher tax rate.
(47) C debt to gdp ratio is different
(48) A Spending and revenue difference is deficit.
(49) D initial spending multiply the income.
(50) D Government working is legislative working .
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