Consider the US budget for the fiscal year that ended on Sept 30 2023. Total government spending for the year was roughly [Select] During the year, the government collected roughly [S This means the government experienced a [Select] [Select] in taxes.

7. ​Examine whether the following items are built-in stabilizers or discretionary changes. (a)​Unemployment benefits (b)​Tax cuts (c)​An increase in government spending on road work (d)​Progressive tax system

Answer plzz

To enact Contractionary Fiscal Policy, the federal government must be running a budget ___________.

Contractionary Fiscal Policy has both positive and negative effects on a nation's economy given that the policies can move an economy out of recession but it can also cause crowding out. Explain why this statement is true and add whether or not you would support a balanced budget amendment

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Describe the fiscal interdependence of the various levels of government in the U.S. How do the budget cycles and budget processes of each effect the others? How does this complicate the budget deliberations at the various levels?

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Some Economists argue that Fiscal policy have no effects in the long run on employment and aggregate output in the economy. What are the arguments behind this belief? EXplain. If indeed the government has to apply the expansionary fiscal policy what would eventually happen to the economy. Explain step by step the process impacting the economy.

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes $120 28 2 48 18 Other revenues 21 Total Revenues 237 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is f. The percentage of total outlays made up by public debt charges is Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS Other income taxes GST and excise taxes EI premiums Transfers to persons Spending grants to other levels of government Public debt charges Direct…