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- What must take place for the government to run deficits without any crowding out?Essay 3 The result of government deficits is that less savings are available to firms for investment. Explain why and what it means for the economy.Would you please explain carefully several financial sources how the government financing its expenditure and the policy in order to close its deficit?
- 5 Question 15 Which of the following is not a possible cost of South Africa having sizeable budget deficits? a. Increased income redistribution from of income from pensioners to the private sector b. growing future generation debt burdens c. weaker South African rand versus the dollar d. higher interest repayments7. Agreement and disagreement among economists Suppose that Paolo, an economist from a research institute in Alberta, and Sharon, an economist from a public television program, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Sharon: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Paolo: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Sharon: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Employers should not be restricted from outsourcing work to foreign nations. O Central banks should focus more on maintaining low…Explain how decreased domestic investments that occur due to a budget deficit will affect future economic growth.
- Describe how a plan for reducing the government deficit might affect a college student, a young professional, and a middle-income family.Sketch a diagram of how sustained budget deficits cause low economic growth.During the most recent recession, some economists argued that the change in the interest rates that comes about due to deficit spending implied in the demand and supply of financial capital graph would not occur. A simple reason was that the government was stepping in to invest when private firms were not. Using a graph, explain how the use by government in investment offsets the deficit demand.
- For each of the following, indicate which type of government spending would justify a budget deficit and which would not. Increased federal spending on Medicare Increased spending on education Increased spending on the space program Increased spending on airports and air traffic control8. Agreement and disagreement among economists Suppose that Edison, an economist from a research institute in Texas, and Hilary, an economist from a nonprofit organization on the West Coast, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Hilary: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Edison: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Hilary: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to a.differences in scientific judgments . b.differences between perception versus reality . c.differences in values Despite their differences, with which proposition are two economists chosen at random most…4. What is a government budget deficit? How does it affect interest rate, investment, and economic growth 5. Draw a graph when government run a change in the tax that might increase private saving. How would it affect the market for loanable funds?