Fiscal Policy

Question 1

A new presidential administration takes office, after having made campaign promises to support entitlement programs.One suggestion the new president is most likely to make in the budget proposal is to

Revolt · Accepted Answer

increase spending on Social Security.

Question 2

Examine the pie chart.

Revolt · Accepted Answer

Social Security and Education/Health and Human Services

Question 3

Fiscal policy is the government’s approach to

Revolt · Accepted Answer

taxing and spending.

Question 4

an excise taxan income taxa tariff

Revolt · Accepted Answer

a tariff

Question 5

millionbilliontrillion

Revolt · Accepted Answer

trillion

Question 6

Based on the taxing and spending cycle, how will changing expenditures affect taxes collected by the government?

Revolt · Accepted Answer

Spending less will reduce services, leading to a reduction in tax revenue for the government.

Question 7

Examine the pie chart.

Revolt · Accepted Answer

international aid and veterans’ programs

Question 8

In addition to raising money, the government imposes excise taxes to

Revolt · Accepted Answer

discourage the use of specific products.

Question 9

What gives Congress the power to raise taxes to fund services?

Revolt · Accepted Answer

the Constitution

Question 10

Revenue is the amount of money that

Revolt · Accepted Answer

the government collects from taxes or borrowing.

Fiscal Policy Answers

More from this Course

TRY EDGENUITY HACKS