Coach Buldini CC Econ #8 Quiz. Fiscal Policy and Stimulus.

Expansionary Fiscal Policy = Increasing government spending, or cutting taxes, or doing some of both?

The 2008 Financial crisis was known as the Great Recession?

What British economist became one of the most controversial of the 20th century by arguing against this classical view?

1. What does the business cycle demonstrate about the economy?

During the Great migration of the 1980's recessions were over.

classical economic theories assume about the economy when it’s in trouble will fix itself?

Contractionary Fiscal Policy = Reduce Govt. Spending and Increase Taxes

The "Ripple Effect" Means that if Govt. spending is increased by $100 it will turn out to be worth $175 in economy?

During the Great Recession, many European countries adopted a policy of raising taxes and cutting government spending.

Fiscal policy, means that if the economy is going too fast or too slow, the govt. will fix it by changing two things. ?

What drawback does Infrastructure projects like building roads and bridges have in terms of Multipliers?

What Social Effects have been linked to unemployment

When the economy is in deep recession, what two fiscal policy strategies used to return things to normal?

What stimulus bill attempted to heal the Great Recession, adding more than 800 billion dollars to the economy?

Contractionary fiscal policy is very popular with voters?

People who don’t like Keynesian policy have one basic complaint against it. What is their complaint?