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Week 4 Assignment
The use of government spending and taxing by Congress in order to influence conditions in the
macroeconomy is called [ ]. When government expenditures exceed net taxes, a budget [ ] exists. When government expenditures are less than net taxes, a budget [ ] exists.
Keynes recommended the use of expansionary fiscal policy when the economy experiences a
[ ]. According to this analysis, the government can cause aggregate demand to shift to the right by [ ] taxes or by [ ] government spending. When aggregate demand increases, the economy’s equilibrium level of output [ ] so there are more jobs and the rate of unemployment[ ].