The Government's Role in Fiscal Policy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | as income increases taxes the percentage of income paid in taxes increase
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| show | as income increases the percentage of income paid in taxes decreases as income increases
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| federal income tax | show 🗑
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| expansionary fiscal policy | show 🗑
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| show | increase taxes and decrease government spending to stop expansion
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| show | to decrease taxes and increase government spending
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| show | a state of the economy with large number of unemployed, acute shortages, declining incomes, and excess capacity in output
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| inflation | show 🗑
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| show | the state of working for less than one hour per week despite being willing and able to work
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| show | the ratio of unemployed people divided by the civilian labor force, expressed as a percentage
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| public goods | show 🗑
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| show | an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state
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| show | French for "leave alone" which means that the government leaves the people alone regarding all economic activities
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| show | a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity
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| bonds | show 🗑
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| public debt | show 🗑
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| show | the total demand for final goods and services in an economy at a given time. It specifies the amounts of goods and services that will be purchased at all possible price levels
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| fiscal policy | show 🗑
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Created by:
Mr. Marfy
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