Key Terms

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

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Social insurance, p. 450

Expansionary fiscal policy, p. 452

Contractionary fiscal policy, p. 454

Autonomous change in aggregate spending, p. 457

Multiplier, p. 457

Marginal propensity to consume (MPC), p. 458

Lump-sum taxes, p. 459

Automatic stabilizers, p. 460

Discretionary fiscal policy, p. 460

Cyclically adjusted budget balance, p. 464

Fiscal year, p. 467

Public debt, p. 469

Debt–GDP ratio, p. 470

Implicit liabilities, p. 471