Multiple Choice
Countercyclical fiscal policy can
A) only be employed in reaction to an existing recession
B) only be employed in reaction to an existing boom
C) be employed to prevent a potential recession or boom or in reaction to an existing recession or boom
D) only be employed to prevent a potential boom
E) only be employed to prevent a potential recession.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: If net taxes decrease by $100 billion
Q18: The federal government<br>A) runs a deficit when
Q19: Under what condition can the U.S.government continue
Q20: Which factors led to the large rise
Q21: Over the past several decades,federal transfer payments
Q23: Before about 1975<br>A) any federal deficits were
Q24: "Rolling over" the debt means<br>A) to repay
Q25: A key tool of countercyclical fiscal policy
Q26: We expect a rise in transfer payments
Q27: The national debt<br>A) is currently greater than