(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 13

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1、EconomicsToday:TheMacroView,19e(Miller)Chapter13FiscalPolicy13.1DiscretionaryFiscalPolicy1)Whenthegovernmentdeliberatelyaltersitslevelofspendingand/ortaxesinordertoachievespecificnationaleconomicgoals,itisexercisingA)monetarypolicy.B)discretionaryfiscalpolicy.C)automa

2、ticgovernmentbudgetarypolicy.D)alaissez-fairepolicy.Answer:BDiff:1Topic:13.1DiscretionaryFiscalPolicyLearningOutcome:Macro-9:DiscussfundamentalapproachestofiscalpolicyAACSB:Analyticalthinking2)Whichofthefollowingisanexampleoffiscalpolicy?A)areductioninthefederalfundsr

3、ate.B)areductioninthemoneysupply.C)areductioninlump-sumtaxes.D)anincreaseinthegovernmentdeficitduetomoremilitaryspendinginwartime.Answer:CDiff:1Topic:13.1DiscretionaryFiscalPolicyLearningOutcome:Macro-9:DiscussfundamentalapproachestofiscalpolicyAACSB:Analyticalthinkin

4、g3)Whichofthefollowingwouldshifttheaggregatedemandcurvetotheright?A)anincreaseingovernmentspendingB)anincreaseintaxesC)anincreaseininterestratesD)anincreaseinlaborproductivityAnswer:ADiff:1Topic:13.1DiscretionaryFiscalPolicyLearningOutcome:Macro-9:Discussfundamentalap

5、proachestofiscalpolicyAACSB:Analyticalthinking82Copyright©2018PearsonEducation,Inc.4)Whichofthefollowingfiscalpolicyactionswouldbeappropriateiftheeconomyisexperiencinganrecessionarygap?A)adecreaseingovernmentspendingB)adecreaseintaxesC)anincreaseininterestratesD)adecr

6、easeinthemoneysupplyAnswer:BDiff:1Topic:13.1DiscretionaryFiscalPolicyLearningOutcome:Macro-9:DiscussfundamentalapproachestofiscalpolicyAACSB:Analyticalthinking5)Adecreaseingovernmentspendingwouldcausewhichofthefollowingtohappen?A)Theaggregatedemandcurvewouldshifttothe

7、left.B)Theaggregatedemandcurvewouldshifttotheright.C)Theaggregatesupplycurvewouldshifttotheright.D)Theaggregatesupplycurvewouldshifttotheleft.Answer:ADiff:1Topic:13.1DiscretionaryFiscalPolicyLearningOutcome:Macro-9:DiscussfundamentalapproachestofiscalpolicyAACSB:Analy

8、ticalthinking6)SupposetheeconomyisexperiencinganinflationarygapatthecurrentlevelofGDP.Whichofthefollowingfiscalpolicyactions