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Econ Test Unit 4

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Disposable income   show
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show home much you spend on average, consumption/disposable income  
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show home much you save on average, savings/disposable income  
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APC + APS   show
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Marginal propensity to consume   show
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Marginal propensity to save   show
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show =1  
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show 1/mps  
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tax multiplier   show
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show 1 less than the spending multiplier  
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show government spending or tax policies  
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fiscal policies generally affect   show
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what can shift SRAS   show
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show more education, more tech, natural resources  
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deficit   show
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surplus   show
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debt   show
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show summary of unemployemnt and inflation when AD shifts, downward sloping  
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When AD changes there is   show
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When SRAS changes there is   show
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show will increase real GDP but not the price level  
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show will increase real GDP and price level  
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show progressive personal income tax, unemployment compensation  
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contractionary policy   show
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expansionary fiscal policy   show
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Discresionary   show
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automatic   show
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crowding out   show
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show real interst rate vs quanitity loanable funds, Supply vs Demand  
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Created by: Ami0112
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