Exam 9: Fiscal Policy

Which of the following would be described as the administrative lag?

The late 1960's era Johnson 10% tax surcharge designed to curb inflation is an example of

An example of nondiscretionary fiscal policy would be

The operational lag seemingly did not apply in the case of the 2003 tax cut because it took

A political problem with discretionary fiscal policy is the

The critical elements of discretionary fiscal policy are

Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that

A political leader suggesting that an economic downturn will be cushioned by nondiscretionary fiscal policy is referring to

The critical elements of nondiscretionary fiscal policy are

A political problem with discretionary fiscal policy is the

Authorization in 2009 of increased federal spending on "shovel-ready" infrastructure projects was intended to speed up the macroeconomic impact of the deficit spending by

Which of the following would be described as the recognition lag?

The portion of the Obama stimulus package that provided unemployment benefits for longer than the usual 26 weeks is best thought of as

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

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

Fiscal Policy is controlled by

The portion of the Obama stimulus package that provided more money (a $25 per week increase)to those who were unemployed is best thought of as

Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that

An example of discretionary fiscal policy would be

In terms of timing, the 2003 tax rebate