ECO 203 WEEK 3 QUIZ

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ECO 203 WEEK 3 QUIZ

1. Question :       The time between the legislation of fiscal policy and its effect on output and employment is called
2. Question :       The federal income tax is
3. Question :       The largest single item in the federal budget is
4. Question :       The Investment Tax Credit
5. Question :       The measured deficit would be larger if
6. Question :       Opponents of discretionary fiscal policy believe that it
7. Question :       Keynes blamed economic downturns primarily on
8. Question :       Keynes argued that planned saving was
9. Question :       A structural deficit
10. Question :       When aggregate planned expenditure falls short of potential output, the economy experience