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1.Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades? 2.What are

1.Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?

2.What are the main categories of U.S. federal government spending?

3.What is the difference between a budget deficit, a balanced budget, and a budget surplus?

4.Have spending and taxes by state and local governments in the United States had a generally upward or downward trend in the last few decades?

6.What are the main categories of U.S. federal government taxes?

7.What is the difference between a progressive tax, a proportional tax, and a regressive tax?

8.What has been the general pattern of U.S. budget deficits in recent decades?

9.What is the difference between a budget deficit and the national debt?

10.What is the difference between expansionary fiscal policy and contractionary fiscal policy?.

11.Under what general macroeconomic circumstances might a government use expansionary fiscal policy? When might it use contractionary fiscal policy?

12. What is the difference between discretionary fiscal policy and automatic stabilizers

13.Why is automatic stabilizers function "automatically?"

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