Fiscal policy

What should the government do if the GDP is significantly contracting (Shrinking)

• Raise Taxes

• Lower Taxes

• Increase government spending

• Decrease government spending

What should the government do if the GDP is significantly greater than last year?

• Raise Taxes

• Lower Taxes

• Increase government spending

• Decrease government spending

The inflation rate has been at 5% from November to Jan. What should the government do?

• Increase Taxes

• Decrease Taxes

• Increase spending

• Decrease spending

Monthly unemployment rates are steadily increasing. What should the government do?

• Raise Taxes

• Lower Taxes

• Increase government spending

• Decrease government spending

In a normal year, how does government spending impact the supply and demand curves?

• Supply increases a little

• Supply increases a lot

• Demand increases a little

• Demand increases a lot

What happens to the equilibrium price of CAD if the government decides to decrease spending by a lot and increase taxation by a little?

• Increase

• Decrease

What should a government do during a pandemic?

• Raise Taxes

• Lower Taxes

• Increase government spending

• Decrease government spending

What actually happened to the CAD supply and demand graph when stimulus packages are passed during a pandemic

• Supply Increases a little

• Supply Increases a lot

• Demand Increases a little

• demand increases a lot

The currency is experiencing deflation. What should the government do?

• Raise Taxes

• Lower Taxes

• Increase government spending

• Decrease government spending

Based on the image showing Thailand's monthly inflation rate in the past 10 months, what should the Thai government do?

• Raise Taxes

• Lower Taxes

• Increase government spending

• Decrease government spending