Exam 16: Budget Deficits In The Short and Long Run

Between the years of 2001 and 2003,what happened to the structural deficit?

The crowding-in effect depends on the fact that often a decrease in taxes causes a(n)

If crowding out occurs,the Main Burden of the debt is

When budget deficits take place in a high-employment economy,the effect is an increase in capital stock.

If the national debt is owned by domestic citizens:

The budget deficit is the amount by which a government's expenditures exceed its receipts.

If you wanted to measure changes in fiscal policy intentions,you should use the

Monetizing the deficit contributes to the inflationary pressures that are already present in the economy.

Monetizing deficits has lead to serious inflation in

The actual deficit is a poor measure of the government fiscal policy because it changes independently of intentional government policies.

Between 2009 and 2013:

The official fiscal year budget deficits disappeared from 1998 to 2001.

Because of the recessions in 1983 and 1991,the structural deficit was far larger than the actual deficit in those years.

To maintain a balanced budget during the sag in personal spending in 2008 could cause a

Why does the government not have to repay debt,as do private individuals?

The appropriate fiscal policy stance depends,at least partly,on the

Whether or not deficits create a burden depends on how and why the government incurred the deficits in the first place.Explain.

In 2009,the Social Security System ran a surplus of approximately $137 billion.

If the national debt is owed to foreigners,

Monetary and fiscal policy are primarily tools for long-run economic stabilization.​