Review Unit 5 Fiscal Policies

Which refers to one-way payment to a person or organization as effort to help citizens?

• Fiscal Policy

• Transfer payment

Fiscal policy is intended towards certain economic ______

• goals

• priorities

Which of the following requires government intervention to achieve economic goals like

full employment and economic growth?

• Automatic stabilizers

• Discretionary fiscal policy

A man has earned a networth of 671,000 baht. What will be the percentage tax rate?

• 10%

• 15%

Which type of discretionary fiscal policy involves steps like increasing government purchases,

decreasing taxes or a combination of both?

• Contractionary fiscal policy

• Expansionary fiscal policy