Taxes, Taxes
Word Mix
Monetarists
All About Keynes
employment stabilization
100
A tax on the property of someone who has died is
What is an estate tax
100
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What is Great Depression
100
Supporters of Milton Friedman's theory
What is monetarists
100
Developed fiscal policy theories during the Great Depression
What is John Maynard Keyes
100
Unemployment caused by technological advances
What is structural unemployment
200
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What is proportional tax
200
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What is stabilization
200
Monetarists believe that a steady growth in the money supply would result in
What is a controlled expansion of the economy
200
To understand Keynesian theory you must understand
What is circular flow of income
200
Unemployment associated with fluctuations in the business cycle
What is cyclical unemployment
300
Paying a gasoline tax is an example of
What is a tax based on the benefits-received principle
300
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Who are Monetarists
300
Economist who supports the theory of monetarism in stabilizing the economy
Who is Milton Friedman
300
Keynesian economists believe that the Great Depression resulted from an _______________ in leakages and injections.
What is imbalance (unequal)
300
Individuals who are receiving unemployment benefits are an example of _______________________
What is underground economy
400
These taxes are ways the government discourages certain activities
What is Excise taxes and customs duties
400
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Who is Milton Friedman
400
Monetarists blame the Great Depression on
What is the Fed's reduction of the money supply
400
In Keynesian theory, ______________reduce aggregate demand in the economy by removing income from the economy.
What is leakages
400
The federal government uses _________________policies to keep the economy healthy
What is stabilization
500
Forms of taxation
What is Proportional, progressive, regressive
500
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What is supply side effects
500
The theory that deals with the relation between the amount of money the Federal Reserve places in circulation and the level of activity in the economy
What is monetarism
500
According to Keynesian theory, when leakages of income are greater than injections, ____________________ will increase.
What is unemployment
500
Measuring unemployment is difficult because there is an _____________________ __________
What is underground economy
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