I. What does fiscal policy refer to? 2.What are the two main instruments of fiscal policy?
3. Is it true that during periods of economic growth, a budget surplus can be used to high increase activity in the economic?
4. When can imply a balanced budget in a neutral stance of fiscal policy?
5. Is it true that"G" in fiscal policy is Group spending?
6. Is it true that"T" in fiscal policy is Tax revenue?
7. Give two examples of fiscal policy. 8.Translate this sentence Governments spend money on a wide variety of things from the military and police to service like education and healthcare, as well as transfer payments such as welfare benefits".