ECO 203 Week 3 Quiz

This paperwork of ECO 203 Week 3 Quiz consists of:

1. The time between the legislation of fiscal policy and its effect on output and employment is called

2. The federal income tax is

3. The largest single item in the federal budget is

4. The Investment Tax Credit

5. The measured deficit would be larger if

6. Opponents of discretionary fiscal policy believe that it

7. Keynes blamed economic downturns primarily on

8. Keynes argued that planned saving was

9. A structural deficit

10. When aggregate planned expenditure falls short of potential output, the economy experiences