Prior to the great depression, the purpose of the federal budget was to
finance the activities of the federal government. The second purpose arose
as a reaction to the great depression.
The federal budget has two purposes:
To finance the activi
22. Incorrect Statement: In the fifty years since 1960, labor productivity
growth rate was greatest during the 90s and 00s.
23. Sustained increases in real GDP per person depend on: Increases in labor
24. Labor productivity growth
As contrasted to the Keynesian view, mainstream economists believe
that the effects from fiscal stimulus are weaker.
Which of the following is an example of an automatic fiscal policy
Increased unemployment payments resulting from highe
A country has been in existence for only two years.
In the first year, tax revenues were 1.0 million and outlays were 1.5
In the seconds year, tax revenues were 1.5 million and outlays were
2.0 million. At the send of the second year,