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Unit 11

Government and Fiscal Policy

QuestionAnswer
Demand management, focus on changing aggregate demand or shifting the aggregate demand curve in the AD-AS model, to achieve the goals of *Price stability, *Full employment and *Economic growth.
What's the National Debt? The national debt is the sum of all past government deficits, minus any surpluses
And the Government/public debt? It's the debt owed by a central government.
What's a transfer payment? Give examples A transfer payment is the provision of aid or money to an individual who is not required to provide anything in exchange. Social Security and welfare benefits are examples of transfer payments.
There are two types of discretionary demand-side policies, which are... Monetary policy and fiscal policy
Created by: antia
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