Economics (7th Edition)

Chapter 33

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The term fiscal policy indicates the tax and ... more

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Automatic stabilizers are the fiscal policy tools ... more

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The federal expenditures include transfer payments... more

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The government should lower tax rates and increase... more

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Expansionary fiscal policy in a static model ... more

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Contractionary fiscal policy in a static model ... more

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  $1 increase in government purchases can generate... more

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The government purchase multiplier is the change ... more

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A higher tax rate decreases the amount available ... more

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Monetary policy can be changed more quickly than ... more

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Crowding out indicates the decrease in private ... more

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Federal budget automatically move to stabilize the... more

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The deficit or surplus in the government's budget ... more

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Balancing the government budget would be a good ... more

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Federal budget deficit occurs when the government ... more

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 The equation is derived from another equation ... more

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Supply-side economics is a branch of macroeconomic... more

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Tax wedge is the pretax return left after ... more

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It cannot be concluded that there has been a tax ... more

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Discretionary fiscal policy is the type of policy ... more

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The demographic is undergoing a major change in ... more

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The demographic is undergoing a major change in ... more

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No one can agree with the argument stated in the ... more

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Expansionary fiscal policy is required in ... more

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The government should either increase government ... more

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Yes, it is possible for the government to use an ... more

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No, deflation does not occur only in recession. ... more

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The spokesperson referring to the multiplier ... more

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The quote indicates the macroeconomic effect of a ... more

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The statement is incorrect.The decrease in real ... more

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The multiplier size would increase as the short-... more

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Yes, we accept that the consumption increases with... more

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Financial crisis indicates drop in asset values ... more

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An expansionary fiscal policy, followed by an ... more

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The bureaucrats referred to the budget deficit ... more

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No, the president was incorrect.In an acute ... more

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During recessions, government revenue generated ... more

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Most of the government project includes capital ... more

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The rate of growth of real GDP depends on two ... more

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The factors which stimulate increase in the number... more

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Arguments favoring the flat tax rate are as ... more

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The decrease in taxes would encourage the firms to... more

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Country UNS had the largest output gap, and ... more

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; An expansionary (contractionary) fiscal policy ... more

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The government purchases multiplier would be zero ... more

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