ECO 372 WEEK 2 Fiscal Policy Worksheet

<span itemprop="name">ECO 372 WEEK 2 Fiscal Policy Worksheet</span>

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