Complete the fiscal rules

Exercise and reference answers

Missing parts

1. Answer

   deficit

   Choices

   1. deficit
   2. surplus
   3. balance

2. Answer

   progressive

   Choices

   1. progressive
   2. regressive
   3. proportional

3. Answer

   outward

   Choices

   1. outward
   2. inward
   3. downward

Complete the statement

Spending above taxes gives a {0}, the income tax is a {1} tax, and expansionary policy shifts aggregate demand {2}.

Instructions

Tap a word for each blank to complete the sentence.

Explanation