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Week 2 QuestionsPage 1 of 3
3. For Discussion - page 263Crowding out reduces the degree to which a change in government purchases influences the level of economic activity. Is it a form of automatic stabilizer?10. For Discussion- page 264Give and justify your view on whether government borrowing can shift thecost of providing public sector goods and services from one generation to the next.:Page 2 of 3
Video Questions for Lesson 12Select the ONEbest answer1.In the video "Fiscal Policy," an economist states that the value of the national debt in 1800 would be approximately _______ dollars in the year 2000.2.In the video "Fiscal Policy," President Reagan's tax cuts were based on the work ofa.Milton Freidman b.John Maynard Keynes c.Arthur Laffler d.Adam Smith3.The economists in the video "Fiscal Policy" all agree that it is very important to pay off the national debt.4.In the video "Fiscal Policy," the Laffler curve illustrates that if taxes are cut, tax revenues increase.Page 3 of 3