Across
- 2. example of automatic stabilizer
- 5. occur naturally within the business cycle
- 7. spend and tax
- 9. the catalyst event for everything macroeconomic
- 11. 4-6% typically
- 13. GDP adjusted for inflation
- 16. macroeconomic ______ measure the economy
- 17. assist and advise the President on economic matters
- 18. the branch of government that passes the fiscal policy (and all laws)
- 19. occurs when government deficit drives up the interest rate
- 20. when it is useful to use an expansionary FP
Down
- 1. deliberate action by the government regarding spend/tax
- 3. type of fiscal policy to decrease aggregate demand
- 4. time it takes for the policy to affect the economy
- 6. when it is useful to use a contractionary FP
- 8. focused on job benefits, signed in 1946
- 10. time it takes for government to recognize gap exists
- 12. type of fiscal policy to increase aggregate demand
- 14. time to develop the fiscal plan
- 15. 2 consecutive quarters of negative GDP growth