Identify and describe some practical difficulties of discretionary fiscal policy and use examples please!

Q: Discuss the difficulty in predicting the effects of discretionary fiscal policy.

A: Fiscal policy is the process through which a government modifies its spending and tax rates in order…

Q: What is the index of leading economic indicators, and how does it relate to discretionary fiscal…

A: A business cycle represents the periodic movement of the aggregate output of an economy in the…

Q: Expresses in detail the effects of expansionary and contractionary fiscal policy on income and the…

A: In an economy, fiscal policies are implemented by the government to influence the aggregate demand…

Q: how discretionary fiscal policy fights recession and inflation

A: The fiscal policy of the government used as per the need of the government is discretionary fiscal…

Q: Identify and briefly describe at least four practical difficulties of discretionary fiscal polic

A: The use of taxation and expenditure by the government to affect the economy is known as fiscal…

Q: Identify and describe some practical difficulties of discretionary fiscal policy.

A: please find the answer below.

Q: 1 2 3 4   Year Actual budget deficit (–) or surplus (+) Standardized budget deficit (–) or…

A: INTRODUCTION The central bank mainly uses two types of monetary policies: expansionary and…

Q: 11.  All of the following are examples of implementation lags associated with fiscal policy,…

A: fiscal policy is the use of government revenue collection and expenditure to influence a country's…

Q: Council Economic Advisers (CEA)

A: The Council Economic Advisers[CEA] consist of three members. The Chairperson, who is appointed by…

Q: What is expansionary fiscal policy? What is contractionary fiscal policy? Does expansionary fiscal…

A: In Keynesian macroeconomic theory, aggregate demand plays a very major role in stabilizing the…

Q: 1) Distinguish between discretionary and nondiscretionary fiscal policy.

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Discuss two reasons why discretionary fiscal policy (expansionary & contractionary) may be…

A: Contractionary fiscal policy:- When the government either slashes expenditure or hikes taxes, it is…

Q: Please explain and give examples of significance of the distinction between discretionary and…

A: Fiscal policy refers to the policy tools used by the government to interfere in the economy and pull…

Q: Discuss the two (2) main tools that a government can use to implement fiscal policy.

A: The term 'fiscal' relates to the government's budget and signifies 'budget.' Fiscal policy is the…

Q: Assign the correct label to the corresponding events/ policy actions that occurred during the…

A: The use of a collection of revenue and expenditure being incurred by the government in order to…

Q: 10.We discussed four problems that complicate the application of fiscal policy.    a. List and…

A: Four problems associated with Fiscal Policy are:Policy LagsThe question in this context is related…

Q: 10.We discussed four problems (Problems of Timing, Political Consideration, Offsetting State and…

A: The four problems of fiscal policies are listed as below. Problems of TimingPolitical…

Q: Problems with the federal government budget process include: O a. budgeting that increases the…

A: When economic agents take part in the production process, they get an income in exchange for labour.…

Q: Evaluate the economic impact of current and future Federal budget

A: A budget process refers to the mechanism by which a budget is generated and approved by government.

Q: List and distinguish the three major fiscal function

A: The employment of taxation and expenditure of the government to impact the economy is known as…

Q: Using the appropriate aggregate demand and supply diagram, show any one instance where conducting…

A: The aggregate demand shows the negative relationship between price level and real GDP where goods…

Q: List and briefly explain the time lags involved in discretionary fiscal policy.

A: Discretionary fiscal policy implies the public authority makes changes to taxation rates as well as…

Q: Distinguish between discretionary and nondiscretionary fiscal policy. What is the difference? What…

A: SUMMARY- Discretionary fiscal policy alludes to the policy drives taken up by the public authority…

Q: Explain expansionary and discretionary fiscal policy (300 words)

A: Fiscal policies define as the government's policy which is used to control the money supply in the…

Q: lesae explain briefing what policy and implementation lags affect the potency of fiscal policy, and…

A: How fiscal policy works The use of taxation and government spending to impact the economy is…

Q: Explain the 3 types of lag we should be concerned about when implementing fiscal policy?

A: When a policy is implemented there are certain lags due to the difference in the period when the…

Q: Giving examples, outline the reasons for using a discretionary fiscal policy

A: Fiscal policy: It refers to a policy that is used by the government. It is a policy used to tackle…

Q: 6. The discretionary fiscal policy initiatives adopted in 2009 were intended mainly to A. increase…

A: Fiscal Policy is the policy through which government can adjust the tax rates and its spending level…

Q: How would you explain Discretionary fiscal policy:

A: Fiscal Policy- It is the policy adopted by the government to bring economic stability by the help of…

Q: Explain the difference between “active” discretionary fiscal policy advocated by mainstream…

A: During recessions, active discretionary fiscal policy entails the use of deficit spending, that is,…

Q: Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in…

A: Expansionary Policy: Expansionary monetary arrangement incorporates tax breaks, move installments,…

Q: Using the short-hand symbols G, Y, Md, r and I to demonstrate the effects of an expansionary fiscal…

A: The expansionary fiscal policy i.e. increase in public spending and reduction on taxes are the most…

Q: What are the Cost and then benefits of contractionary fiscal type in the economy

A: The policy that is used by the government during high phases of growth of the economy is being known…

Q: As the economy declines into recession, the collection of personal income tax revenues automatically…

A: A recession is a significant slowing or contraction of the economy. A recession typically results…