What is contractionary fiscal policy?
What is the purpose of contractionary fiscal policy?
What are the possible contractionary fiscal policy solutions?
What is built-in stabilizer in fiscal policy?
Provide an example of built-in stabilizer in fiscal policy
Mention five main types of taxes you know
How taxes are important in fiscal policy?
What is cyclical deficit?
What is cyclical adjusted budget?
How to remove cyclical deficit?
What does cyclical adjusted budget do?
What are the problems that the government may encounter in enacting and applying fiscal policy?
What is crowding effect?
Money banking and financial Institutions
What is money?
What are the functions of money?
What backs the money supply?
What are the two main components of money supply?
What is M1
What is M2