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Economy
UNIT 11
| Question | Answer |
|---|---|
| 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 |