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Worksheetschương 3
Total questions: 22
Worksheet time: 11mins
Expansionary fiscal policy are policies ............by a government that often increases or decreases the money supply to make changes to the economy.
enacted
improved
boosted
proposed
When the government runs a deficit, it meets some of its expenses by issuing.....
Securities
bonds
shares
notes
Rising wages lead to inflation and asset ......... begin to form.
Growth
shrinking
change
bubbles
The government wants to reduce unemployment, increase consumer demand, and avoid a ............
Overheating
inflation
recession
economic growth
By using subsidies, transfer payments (including welfare programs), and income tax cuts, expansionary fiscal policy puts more money into consumers' hands to give them more.............
purchasing power
power
income
energy
When the economy is overly active and inflation......., it may increase taxes or reduce spending.
threat
threaten
threatens
threating
Rather than lowering taxes, the government may seek economic expansion by increasing ........(without corresponding tax increases).
growth
trade balance
transfer payment
spending
When a balance between price and demand is......, then companies can expect to thrive and grow
Equal
met
different
mixed
The purpose of contractionary fiscal policy is to ........growth to a healthy economic level.
Improve
realize
increase
slow
Shrinking the money supply decreases............ It gives consumers less purchasing power.
Demand
quantity demanded
supply
quantity supplied
To make up for the........., the government just issues new Treasury bills, notes, and bonds.
Excess
fund
budget
deficit
President Bill Clinton required welfare recipients to work within two years of getting...................
Salaries
benefits
money
better
As less capital is available for business, the economy contracts and also causes.........
unemployment
inflation
balance of payments
competition
Businesses get easy access to ........and therefore invest in new projects and thus, GDP of the nation is increased.
Development
growth
support
credit
During a recession, out-of-work individuals can receive ........through unemployment insurance.
income assistance
home support
student grants
Medicare
In the 2019–20 Budget the Government set out a medium-term strategy to achieve budget......., on average, over the economic cycle and stated an intention to eliminate the Commonwealth’s net debt by 2029–30
Surpluses
balance
expenditure
constraint
Some economists are concerned about potential inflationary effects driven by increased demand engendered by a fiscal.......
stimulus
matter
policy
effort
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure: chi tiêu công to ...........a country's economy.
Raise
increase
intervene
influence
Fiscal policy can be distinguished from monetary policy, in that fiscal policy .........with taxation and government spending and is often administered by a government department.
Deals
faces
copes
interacts
Fiscal policy involves the use of government spending and _____ to influence the economy.
debt
taxes
borrowing
reserves
During a recession, governments often apply an expansionary fiscal policy by increasing _____.
exports
tax rates
interest
public spending
A contractionary fiscal policy is used to reduce inflation by decreasing spending or increasing _____.
tariffs
loans
taxes
subsidies
