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ECO 203 Week 3 Quiz

ECO 203 Week 3 Quiz
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ECO 203 Week 3 Quiz

 1.  The time between the legislation of fiscal policy and its effect on output and employment is called

 2. The federal income tax is

 3. The largest single item in the federal budget is

 4. The Investment Tax Credit

 5. The measured deficit would be larger if

 6. Opponents of discretionary fiscal policy believe that it

 7. Keynes blamed economic downturns primarily on

 8. Keynes argued that planned saving was

 9. A structural deficit

 10. When aggregate planned expenditure falls short of potential output, the economy experiences


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