1.What is fiscal policy concerned with?
Fiscal policy is concerned with taxation and public spending 2.What is deficit spending?
Deficit spending is spending funds obtained by borrowing or printing instead of taxation.
3.When is fiscal policy expansionary?
Fiscal policy is expansionary when taxation is reduced or public spending is increased
4.When is fiscal policy contractionary?
Fiscal policy is contractionary when taxation is increased or public spending is decreased
5.When is there a deficit?
When the government spends more than it receives from taxation
I/Long Question
1.Under what circumstances can fiscal policy be expansionary?
A fiscal policy is
expansionary when
government spending is increased or taxation is reduced.
CSTK là mở rộng khi chi tiêu chính phủ tăng và thuế giảm.
CSTK mở rộng nên được sử dụng khi thất nghiệp cao và
A expansionary fiscal policy should be used when unemployment is high or the economy is slowing down.
nên kinh tế tăng trưởng chậm.
2.Under what circumstances can fiscal policy be contractionary?
A fiscal policy is contractionary when government spending is reduced or taxation is increased.
A contractionary fiscal policy should be used when inflation is high.
CSTK là thắt chặt khi chi tiêu chính phủ giảm và thuế tăng.
CSTK thắt chặt nên được sử dụng khi lạm phát cao.
3.What is deficit spending? Is it useful or harmful for the economy? Why?
Deficit spending is spending funds obtained by borrowing or printing instead of taxation.
It’s useful or harmful for the economy.
+ It can be useful for the
economy when
unemployment is high , The government can undertake projects that use idle workers.
+ It is harmful for the
economy when
unemployment is low, a deficit may result is rising prices or inflation.
Bội chi là việc các quỹ chi tiêu đạt được bằng cách vay mượn hoặc in tiền thay vì thuế.
Nó vừa có lợi vừa có hại cho nền kinh tế.
+ Nó là có lợi cho nên kinh tế khi tỷ lệ thất nghiệp cao.
Chỉnh phủ có thể thực hiện các dự án sử dụng lao đông nhàn rồi.
+ Nó là có hại cho nền kinh tế khi tỷ lệ thất nghiệp thất, thâm hụt có thể dẫn đến kết quả là tăng giá hoặc lạm phát
III/Dịch việt anh
1.Người môi giới được coi là chuyên gia tài chính, người đóng vai trò trung gian giữa người bán và nhà đầu tư.
Brokers are considered to be financial experts who serve/act as intermediaries between sellers/dealers and investors
2.Ngân hàng trung ương điều chỉnh tỷ giá hối đoái và kiểm soát lượng cung tiền trên thị trường.
The central bank regulates exchange rates and controls the money supply in market
1. What is fiscal policy?
Fiscal policy is a government policy related to taxation and public spending.
2. What is the main objective of fiscal policy?
The main objective of fiscal policy is to maintain economic growth, high employment and low inflation.
4. What is contractionary fiscal policy?
Fiscal policy is contractionary when taxation is increased or public spending is reduced.
5. What is deficit?
Deficit is the total amount by which money spent is more than money received.
6. What is deficit spending?
Deficit spending is a situation in which a company or especially a government spends more money than it collects for a given period of time.
Or
What is government’s deficit spending?
Government’s deficit spending means spending funds obtained by borrowing or printing instead of taxation.
10. What is inflation rate?
Inflation rate is the rate at which prices increase overtime causing the value of money to fall.
16. When is deficit spending harmful for the economy?
Deficit spending is harmful for the economy when unemployment is low or inflation is high.
17. Under what circumstances can fiscal policy be expansionary?
Fiscal policy can be expansionary when the economy is not growing fast enough or unemployment is too high.
18. Under what circumstances can fiscal policy be contractionary?
Fiscal policy can be contractionary when the economy is growing too fast or inflation is high.
19. What factors should be considered in making decisions on the fiscal policy?
They are the level of economic growth or unemployment likely in the future, political considerations, fiscal policies of other countries and the requirements of the IMF.
24. What are the purposes of expansionary fiscal policy?
It is used for creating jobs and developing the economy.
25. What are the purposes of contractionary fiscal policy?
It is used for slowing down the economy and reducing inflation