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AP MACROECONOMICS CHAPTER 31 QUESTIONS WITH CORRECT ANSWERS 2024-25

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AP MACROECONOMICS CHAPTER 31 QUESTIONS WITH CORRECT ANSWERS 2024-25

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Institution: Business finance
Course: Business finance

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Uploaded on: November 11, 2024
Number of pages: 5
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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ap macroeconomics chapter 31 questions with correc

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AP MACROECONOMICS CHAPTER 31
QUESTIONS WITH CORRECT ANSWERS
2024/25
DefineGFiscalGPolicyG-GcorrectGanswer-TheGgovernment'sGplanGforGspendingGandGtaxation

IfGaGcountryGisGinGrecession/unemployment:GwhatGareGtheGfiscalGsolutionsG-GcorrectGanswer-
ExpansionaryGpolicy:

IncreaseGgovernmentGspendingGandGdecreaseGtaxes

IfGaGcountryGisGexperienceGinflation:GwhatGfiscalGsolutionGshouldGitGuse?G-GcorrectGanswer-
ContractionaryGpolicy:GdecreaseGgovernmentGspendingGandGincreaseGtaxes

WhatGkindGofGeffectG(directGorGindirect)GdoesGgovernmentGspendingGhave?G-GcorrectGanswer-
aGdirectGeffect

WhatGkindGofGeffectG(directGorGindirect)GdoesGtaxesGspendingGhave?G-GcorrectGanswer-indirectGeffect

DoGtaxGchangesGhaveGaGgreaterGorGlesserGeffectGthanGgovernmentGspendingG-GcorrectGanswer-lesser

WhatGareGtheGglitchesGinGFiscalGpolicyG-GcorrectGanswer-1.GitGtakesGtime

2.GeconomicGneedsGchangeGquicklyG

3.GBureaucracy

4.GTheGcrowdingGinGeffect

5.GTheGcrowingGoutGeffect

6.GStateGvsGlocalGfiscalGpolicies

7.GglobalGeventG(suchGasGweather)

ExplainGtheGcrowdingGoutGeffectG-GcorrectGanswer-
anGincreaseGinGgovernmentGspendingGcausesGaGdecreaseGinGotherGspending

, itGisGmoreGlikelyGinGtimesGofGinflation

ExplainGtheGcrowdingGinGeffectG-GcorrectGanswer-
anGincreaseGinGgovernmentGspendingGcausesGanGincreaseGinGotherGspendingG

moreGlikelyGinGtimesGofGrecession

defineGdeficitG-GcorrectGanswer-
theGamountGbyGwhichGtheGgovernment;sGexpendituresG(G)GexceedGgovernmentGrevenuesGduringGoneGfisc
alGpolicyG(usuallyGoneGyear)

defineGsurplusG-GcorrectGanswer-
theGamountGbyGwhichGtheGgovernmentGrevenueGexceedGgovernmentGexpendituresG(G)GduringGoneGfiscalG
periodG(usuallyGoneGyear)

DefineGdebtG-GcorrectGanswer-
isGtheGtotalGvalueGofGtheGgovernment;sGindebtednessG(totalGofGallGtheGdeficits.Gcumulative)

WhatGareGtheGleadingGcausesGofGpublicGdebtG-GcorrectGanswer-1.GwarG

2.Grecession

3.GfiscalGpolicy

WhatGareGtheGdeterminantsGofGconsumptionG-GcorrectGanswer-1.GdisposableGincome

2.Gwealth

3.GfutureGexpectations

4.Gtaxes

5.GrealGinterestGrates

asGdisposableGincomeGrises,Gconsumption....G-GcorrectGanswer-rises

asGwealthGrises,Gconsumption...G-GcorrectGanswer-rises

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AP MACROECONOMICS CHAPTER 31 QUESTIONS WITH CORRECT ANSWERS 2024-25

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