1. The existence of fiscal policy lags ________.
2. The time it takes for a policy to take effect in the economy is referred to as the _______ lag.
3. Which of the following best describes a cyclically balanced budget
4. The ability of a government to decide to spend its revenue from your taxes as it wishes is referred to as ________.
5. What type of inflation occurs if workers ask for higher wages and firms must raise product price in order to pay their workers?
6. All else being equal a decline in the supply of labor decreases
7. A decrease in the expected price level has the effect of _______.
8. In an inflationary spiral situation, the short-run aggregate supply curve shifts due to ________.
9. Which of the following is a stock Variable?
10. A trade deficit enables the federal government to finance a budget deficit through __________.