Which of the following is NOT an element of fiscal policy?
A: Government spending
B: Government borrowing
C: Taxation
D: Exchange rates
A: Government spending
B: Government borrowing
C: Taxation
D: Exchange rates
举一反三
- To tighten fiscal policy the government would: A: Privatise government assets B: Raise interest rates C: Increase the size of the budget deficit D: Lower government spending
- Which of the following statements is accurate?____. A: Fiscal policy is not effective with fixed exchange rates in an environment of highly responsive international capital flows. B: Fiscal policy is highly effective with fixed exchange rates and unresponsive international capital flows. C: Fixed exchange rates greatly constrain a country's ability to pursue an independent monetary policy. D: Contractionary monetary policy is effective under a fixed exchange rate regime.
- According to the assignment rule, which of the following policy mixes<br/>is appropriate for a country with high inflation, a balance of<br/>payments deficit, and fixed exchange rates? ____. A: Expansionary fiscal policy and expansionary monetary policy B: Expansionary fiscal policy and contractionary monetary policy C: Contractionary fiscal policy and expansionary monetary policy D: Contractionary fiscal policy and contractionary monetary policy
- Which of the following statements is accurate? ____. A: Fiscal policy is not effective with fixed exchange rates in an<br/>environment of highly responsive international capital flows. B: Fiscal policy is highly effective with fixed exchange rates and<br/>unresponsive international capital flows. C: Fixed exchange rates greatly constrain a country's ability to pursue<br/>an independent monetary policy. D: Contractionary monetary policy is effective under a fixed<br/>exchange-rate regime.
- Which<br/>one of the following is consistent with a government’s policy<br/>objective to expand the level of economic activity?() A: An<br/>increase in taxation B: An<br/>increase in interest rates C: An<br/>increase in personal savings D: An<br/>increase in public expenditure