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Economy

UNIT 11

QuestionAnswer
There are two types of discretionary demand-side policies... fiscal policy and monetary policy
The government’s budget balance is the... difference between the government’s revenues and its expenditures.
The national debt is the... sum of all past government deficits, minus any surpluses.
An investment tax credit allows a firm... to reduce its tax liability by a percentage of the investment it undertakes during a particular period
Fiscal policy is... the government counterpart to monetary policy
Created by: danielgomez