Difference between a Deficit and a Surplus?

Deficit is money difference and tax surplus is extra income

According to the business cycle, the order of an economy is...?

Trough, Expansion, Peak, Recession

What is the basics of Keynesian economics?

Economic output is strongly influenced by aggregate demand

Monetary measure of all goods and services

What did the War Power Resolution do?

Congress must approve President's military actions

What is structural unemployment?

Mismatched skills with workers and economic needs

What is an executive order?

Directive issued by the President

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AP Government Ch 13

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Questions 10

Answers

1
Difference between a Deficit and a Surplus?
Deficit is debt and surplus is GDP
Deficit is taxes and surplus is extra goods
Deficit is money difference and tax surplus is extra income
Deficit is total expenditures and surplus is a market boom
2
According to the business cycle, the order of an economy is...?
Trough, Expansion, Peak, Recession
Depression, Climb, Drop, Top
Trough, Recession, Expansion, Peak
Peak, Recession, Expansion, Trough
3
What is the basics of Keynesian economics?
All economies rely on each other
Economic output is strongly influenced by aggregate demand
The economy collapses after a change of president
Economy is influenced by invisible hand of the government
4
What is GDP
Monetary measure of all goods and services
Total goods shipped
Success of the economy
Total income the government recieves
5
Which economic system revolves around customs and beliefs that shape trade, often farm-based?
Tradational
Rural
Keynesian
Market
6
What did the War Power Resolution do?
Congress has no military say
Stripped Commander in Chief from president
Congress must approve President's military actions
Congress controls military
7
What is structural unemployment?
Jobs run out in the winter
Unemployment due to economic structural collapse
Mismatched skills with workers and economic needs
Building and construction collapse
8
Communism, the best government, utilizes which economic system?
Controled
Governmental
Command
Regulated
9
What is an executive order?
A direct order by the President pro tempore
A powerful law
Directive issued by the President
A military bill
10
If the President and Vice President are killed at the same time, who succeeds the President?
President Pro Tempore of Sentate
Chief Justice
Highest Ranking General
Speaker of House

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