Fiscal Policy B

Categorize

Groups:

(a) Speeds up the economy

,

(b) Slows down the economy

• Raising taxes

• More government spending

• Less government spending

• lowering taxes

Match the following

• Lower taxes

• Gross Domestic Product

• GDP

• People have less money and spend less

• Higher taxes

• People have more money and spend more

• CPI

• Consumer Price Index

Categorize

Groups:

(a) More government spending

,

(b) Less government spending

• Unemployment goes up

• Unemployment goes down

• GDP goes down

• GDP goes up

Select the 2 tools a government can use to manage the economy

• Elections

• Taxes

• Wait for things to fix themselves

• government spending

During a recession, a government should​ (a)   so people have​ (b)   to spend.

• lower taxes
• more money
• raise taxes
• less money

Why does unemployment go down when a government spends more?

• Because the government uses the extra money to create more jobs

• Everybody gets fired

• There are fewer jobs because the government is spending less money.

• Unemployment actually goes up because more jobs are available.

Unemployment is

• The number of people who need a job but can't get a job

• the best sign of a booming economy

• the creation of more jobs

High unemployment is​ (a)   and low unemployment is​ (b)  

• bad
• good
• GDP
• labor

​ (a)   is the process used by a government to manage the economy.

• Fiscal Policy
• ISS

The policy used by a government to manage the economy.

• Fiscal policy

• In School Suspension

• Diplomacy