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The largest component of U.S federal spending that contributes to the U.S. government budget deficit is
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A property of an asset that makes it desirable for use as a means of settling debts maturing in the future is an
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My final test of eco

QuestionAnswer
The largest component of U.S federal spending that contributes to the U.S. government budget deficit is entitlements
A property of an asset that makes it desirable for use as a means of settling debts maturing in the future is an standard of deferring payment
Which of the following is NOT a funchtion of money? form of cerdit
The two ways to define money are the transactions approach and the liqiudity approach
A problem with using fiscal policy to a fine-tune the is that agreeing on the appropriate fiscal is time consuming
A fedral deficit of $300 billon means that the government is spending $300 billon a year more than it is collecting in taxes
To evaluate relative changes in the net public debt, we must compare it to the nation's real GDP
The degree to which an asset can be acquired or disposed of without much loss of nominal value or trasaction costs is known as liquidity
The proposition that an incrase in the federal budgt deficit caused entirely by a current tax cut has no effect on aggregate demand is called the Ricardian equivalence theorem
Are federal budg deficits related to trade deficits? Yes.As deficits spending goes up, it is likely government borrowing will,too. Then foreign residents who lend funds to the U.S have less to spend on our goods,so U.S expots will fall.
The Fed buys securities and gives a bond dealer a check for the amount. After the check has cleared reserves have risen by the amount of the check because the Fed clears the check by increasing the amount of the bank's deposits with the Fed.
All of the following are automatic stabilizers EXCEPT discretionary tax cuts
The amount of the time that it takes between recognizing an economic problem and implementing policy to solve it is the action time lag
If Peter cashes a $10,000 check and puts the in his home safe, this is an example of a currency drain.
Supply-side economist argue that changes in tax rates cause changes in all of the above.
All of the following are automatic fiscal stabilizers EXCEPT a congressionally mandated decrease in tax rates to stimulate the economy.
Which of the following actions could be undertaken if the government wants to close a recessionary gab? Reduce taxes and reduce government spending.
Fiscal policy refers to the adjustment of government spending and taxes in order to achieve certain national economic goal
In the long run, higher government budget deficits will lead to a redistribution of real GDP from privately produced goods and services to government produced goods and services.
An example of an automatic stabilizer is the progressive tax system
Refer to the above figure. Suppose the economy is operating at point A. There is recessionary gap of ........., which can be closed by .... $2 trillion; expansionary fiscal policy that generates another $2 trillion in total spending
Required reserves are transaction deposits multiplied by the required reserve ratio
The two ways in which deficit spending can impose a burden on future generations are by requiring future generations to face higher taxes and to work with a lower accumulated stock of capital goods.
In the above figure, if the relevant aggregate demand curve is AD2 and if the government wants to use fiscal policy to close the gap, it could decrease government spending
Refer to above figure. The economy is currenntly operating at point C, Which of the followig actions would you recommend to the president of the United States? Engage in contractionary fiscal policy by reducing government spending.
Created by: amaal123
 

 



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