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Economics
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Government debt equals the:
A. difference between current government purchases and taxes
B. difference between saving and investment.
C. sum of past budget deficits and surpluses
D. M1 money supply.

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Yusra Anees
Yusra AneesLv10
18 Oct 2020

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Related questions

Which of these is not a result of the federal government spending more than it earns?
 
A. Budget deficits.
B. Budget surpluses.
C. Increased national debt.
D. Increased taxes

The public debt is the?

A.) Amount of U.S. paper currency in circulation
B.) Ratio of all past deficits to all past surpluses
C.) Accumulation of all past deficits minus all past surpluses
D.) The difference between current government expenditures and current tax revenues

 

1. Discretionary fiscal policy refers to:

A. Any change in government spending or taxes that destabilizes the economy.

B. The authority that the President has to change personal income tax rates.

C. Intentional changes in taxes and government expenditures made by Congress to stabilize the economy.

D. The changes in taxes and transfers that occur as GDP changes.

 

2. Countercyclical discretionary fiscal policy calls for:

A. Surpluses during recessions and deficits during periods of demand-pull inflation.

B. Deficits during recessions and surpluses during periods of demand-pull inflation.

C. Surpluses during both recessions and periods of demand-pull inflation.

D. Deficits during both recessions and periods of demand-pull inflation.

 

3. Contractionary fiscal policy is so named because of it:

A. Involves a contraction of the nation's money supply.

B. Necessarily reduces the size of government.

C. Is aimed at reducing aggregate demand and thus achieving price stability.

D. Is expressly designed to expand real GDP.

 

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