ECO 372 WEEK 2 Fiscal Policy Worksheet
ECO 372 WEEK 2 Fiscal Policy Worksheet
ECO 372 WEEK 2 Fiscal Policy Worksheet
Complete the Fiscal Policy Worksheet.
Click the Assignment Files tab to submit your assignment.
Fill in the blanks from the list below:
Increasing
Decreasing
Increased
Decreased
Increases
Decreases
Fiscal policy
Monetary policy
Deficit
Surplus
Recession
Boom
The use of government spending and taxing by Congress in order to influence conditions in the
macroeconomy is called . When government expenditures exceed net taxes, a budget exists. When government expenditures are less than net taxes, a budget exists.
Keynes recommended the use of expansionary fiscal policy when the economy experiences a
. According to this analysis, the government can cause aggregate demand to shift to the right by __________ taxes or by ___________ government spending. When aggregate demand increases, the economy’s equilibrium level of output _________ so there are more jobs and the rate of unemployment ___________.
ECO 372 WEEK 2 Fiscal Policy Worksheet
