ECONS 312 WK 5 QUIZ JULY 2014

ECONS 312 WK 5 QUIZ JULY 2014 - Chapter 30 Points Received...

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Grading Summary These are the automatically computed results of your  exam. Grades for essay questions, and comments from  your instructor, are in the "Details" section below. Date Taken: 8/9/2014 Time Spent: 59 min , 20 secs Points Received: 19 / 20  (95%) Question Type: # Of Questions: # Correct: Multiple Choice 10 9 Short 2 N/A Grade Details - All Questions
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Question 1. Question : (TCO 6) Discretionary fiscal policy refers to   Student Answer:    any change in government spending or taxes that destabilizes the economy.      the authority that the President has to change personal income tax rates.      intentional changes in taxes and government expenditures made by Congress to stabilize the economy.      the changes in taxes and transfers that occur as GDP changes.   Instructor Explanation:
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Unformatted text preview: Chapter 30. Points Received: 0 of 1 Comments: Question 2. Question : (TCO 6) An economist who favored expanded government would recommend Student Answer: tax cuts during recession and reductions in government spending during inflation. tax increases during recession and tax cuts during inflation. tax cuts during recession and tax increases during inflation. increases in government spending during recession and tax increases during inflation. Instructor Explanation: Chapter 30. Points Received: 1 of 1 Comments: Question 3. Question : (TCO 6) The financing of a government deficit increases interest rates * Times are displayed in (GMT-07:00) Mountain Time (US & Canada)...
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