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Match each fiscal term

Exercise and reference answers

Matching pairs
  1. Left
    Budget deficit
    Right
    Spending above tax revenue
  2. Left
    Budget surplus
    Right
    Tax revenue above spending
  3. Left
    Excise tax
    Right
    A tax on one named good
  4. Left
    Discretionary
    Right
    Set by a new law passed
  5. Left
    Stabilizers
    Right
    Move without any new law
Instructions
Tap a term on the left, then tap its meaning on the right.

Explanation

_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 16 'Government Budgets and Fiscal Policy'_
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