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ECONOMICS 372 Week 4 Knowledge Check- ECO 372 Week 4 Questions and Answers Study Guide $9.65   Add to cart
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ECONOMICS 372 Week 4 Knowledge Check- ECO 372 Week 4 Questions and Answers Study Guide
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  • ECONOMICS
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  • ECONOMICS

Week 4 Knowledge Check Study Guide Score: 6 / 6 Concepts Mastery Questions BUDGET SURPLUS 100% BUDGET DEFICIT AND BUDGET SURPLUS 100% TAX POLICY 100% FISCAL POLICY 100% Concept: BUDGET SURPLUS 1. In the long-run framework, budget surpluses A. should be run whenever output dips...

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  • March 23, 2022
  • 7
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • economics 372 week 4 knowledge check
  • eco 372 week 4 knowledge check
  • economics 372 week 4 knowledge check study guide
  • eco 372 week 4 knowledge check study guide

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  • ECONOMICS
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Week 4 Knowledge Check Study Guide Score:


Concepts Mastery Questions

BUDGET SURPLUS 100%
1


BUDGET DEFICIT AND
2 3
100%
BUDGET SURPLUS

TAX POLICY 100%
4 5



FISCAL POLICY 100%
6




Concept: BUDGET SURPLUS

Mastery 100% Questions 1




1.
In the long-run framework, budget surpluses

, A. should be run whenever output dips below potential output

B. should never be run since they crowd out investment in the
short-run

C. are better than budget deficits over the long-run because
unlike budget deficits, they increase savings and investment

D. should be run on a permanent basis since they boost saving
and investment and stimulate growth


Correct:
The Correct Answer is: C.


Concept: BUDGET DEFICIT AND BUDGET SURPLUS

Mastery 100% Questions 2 3




2.

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