Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/6

Click to flip

6 Cards in this Set

  • Front
  • Back
the use of government taxes and spending to alter marcoeconomic outcomes.
fiscal policy
tax cuts or spending hikes intended to increase aggregate demand
fiscal stimulus
teh amount of additional aggregate demand needed to achieve full employment after allowing for price level changes.
AD shortfall
tax hikes or spending cuts intended to reduce aggregate demand
fiscal restraint
the amount by which aggregate demand must be reduced to achieve full employment equilibrium after allowing for price level changes.
ad excess
a reduction in private sector borrowing caused by increased government borrowing
crowding out