ECO 2013 Practice Questions Chapter 10 - ECO 2013 Principles of Macroeconomics Practice Questions Chapter 10 Professor Alvin Chiang 1 Which of the

ECO 2013 Practice Questions Chapter 10 - ECO 2013...

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Page 1 ECO 2013 Principles of Macroeconomics Practice Questions Chapter 10 Professor Alvin Chiang ___ 1.Which of the following is NOT an explicit short-run goal of discretionary fiscal policy? A) full employment B) economic growth C) control of inflation D) zero unemployment ___ 2.An increase in taxes: ___ 3.When the economy is underperforming and policymakers pursue expansionary fiscal policy, they express willingness to trade off _________ output for a ________ price level. ___ 4.If an expansionary policy pushes output beyond the full employment level of GDP:
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