Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Question 6: Double check my answer.Question 7: help me.Question 8. The selection boxes both contain the same options; Decrease / increase / maintain.Question 9: The

Question 6: Double check my answer.Question 7: help me.Question 8. The selection boxes both contain the same options; Decrease / increase / maintain.Question 9: The selection boxes both contain the same options; Decrease / increase / maintain.Question 10: select box 1 options: monetary / fiscal / contractionarySelect box 2 options: Through legislation / during the election / automatically Select box 3 options: Decrease / increase / stay the same Select box 4 options:Decrease / increase / stay the sameSelect box 5 options:Decrease / increase / stay the same

image text in transcribed
D Question 6 1 pts Who "controls" fiscal policy? Federal Reserve O Congress State governments O' Parliament D Question 7 3 pts What are the three big problems with using expansionary fiscal policy (that are explained in the presentation)? Consumers can't afford it No one want to buy it O It adds to the national deficit because the government has to borrow the money to increase spending It happens to fast - people don't have time to get used to the idea. It can take a long time before it impacts the economy. It is hard to raise taxes and lower government spending when the recession is over. It is hard to lower taxes and increase government spending when the recession is over. Question 8 2 pts If the economy is in a recession and Congress is worried about unemployment they might [ Select ] government spending and [Select ] taxes. Question 9 1 pts If the economy is in a boom and Congress is worried about inflation they might [ Select ] government spending and [Select ] taxes . Question 10 5 pts Automatic stabilizers are [ Select ] policy that happens [Select ] . For example, when the economy is in a recession, government spending on social programs such as unemployment and food stamps will automatically [Select ] and the amount that most people pay in taxes will automatically [ Select ] because income and capital gains have [ Select ]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Basic Statistics

Authors: Charles Henry Brase, Corrinne Pellillo Brase

6th Edition

9781111827021

Students also viewed these Economics questions