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Ashford
Principles of microeconomics
week 3
ECO 203 Week 3 Quiz

ECO 203 Week 3 Quiz

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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 experiences

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