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Which statement describes the Federal government’s fiscal policies in the 1980s?
 
a. Income tax rates were reduced, but spending increased.
b. Income tax rates and spending were both reduced.
c. Income tax rates were increased and spending was reduced.
d. Income tax rates and spending were both increased.

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Joshua Stredder
Joshua StredderLv10
9 Oct 2020

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Related questions

Monetary policy refers to the actions the Federal Reserve takes to manage
 
A. The money supply and interest rates to pursue its economic objectives.
B. Income tax rates to pursue its economic objectives.
C. Government spending and income tax rates to pursue its economic objectives.
D. The money supply and income tax rates to pursue its economic objectives.

Monetary policy refers to the actions the Federal Reserve takes to manage

a. the money supply and interest rates to pursue its economic objectives.

b. income tax rates and interest rates to pursue its economic objectives.

c. government spending and income tax rates to pursue its economic objectives.

d. the money supply and income tax rates to pursue its economic objectives

Which of the following statements is not correct?

Select one:

a. An increase in government spending raises the equilibrium level of income by a multiple of the original spending increase.

b. Government spending is part of fiscal policy.

c. A decline in government spending brings about a contraction in the economy.

d. Government spending is a means to close a recessionary gap.

e. An increase in government spending shifts the AD curve downward by a fraction of the rise in government spending.

Which of the following was not a cause of the U.S. budget deficits in the 1980s?

Select one:

a. Recessions in the early 1980s

b. A substantial increase in government spending

c. Expansion of existing government programs

d. A substantial decrease in tax rates

e. A relatively constant level of taxation

Which of the following does not qualify as an automatic stabilizer?

Select one:

a. Proportional income taxes

b. Food stamps

c. Welfare payments

d. Progressive income taxes

e. Unemployment compensation

Income taxes affect aggregate demand

Select one:

a. indirectly by changing consumption.

b. indirectly by changing investment spending.

c. indirectly by changing net exports.

d. directly by changing disposable income.

e. directly through government spending.

Which of the following constitutes a direct tax?

Select one:

a. Personal income taxes

b. Sales taxes

c. Excise taxes

d. Trade tariffs

e. Value-added taxes

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