Exam 9: Fiscal Policy

The purpose of fiscal policy is to

The mistiming problem with discretionary fiscal policy results from

A political problem with discretionary fiscal policy is the

Using the aggregate supply - aggregate demand model, the tax cuts of 2001 and 2003 that came in the form of tax rebate checks would cause

Liberal critics of the Obama stimulus plan focused their concern on

Fiscal policy is purposeful movements in ____________ designed to direct an economy.

The tax cuts included in President Obama's 2009 fiscal stimulus package

A political leader suggesting that an economic downturn will be cushioned automatically is referring to the automatic actions resulting from

Short-run contractionary Fiscal Policy would result in

The tax cuts of 2001 and 2003 that came in the form of tax rebate checks are good examples of ______ fiscal policy

In terms of timing, the 2003 rebate was

Generally speaking the last two years of a President's term are associated with

A political leader suggesting that an economic downturn will be better dealt with by allowing the built-in stabilizers to work is referring to

The portion of the Obama stimulus package that bolstered state unemployment plans is best thought of as

The Obama stimulus plan's requirement that projects be "shovel-ready" was designed to combat which of these

Critics of the Obama stimulus plan were

A political leader suggesting that an economic downturn will be better dealt with actively changing tax and spending policies is advocating

Which of the following would qualify as an aggregate supply shock?

The predictions that the Obama administration used to justify the stimulus plan have been shown to be (according to most economists)

A significant adverse supply-side shock to the U.S. economy in mid-2008 came from