Some economists argue for the use of fiscal policy to solveeconomic problems; others argue against it. What are someof the arguments on both sides?

Q: What is the importance of fiscal policy during times of economic recession?

A: Fiscal policy refers to the type of the economic policy in which the government of a country tries…

Q: An increase in the money supply will cause an increase in which of the following variables in the…

A: An expansion in the supply of money normally brings down loan fees, which thusly, generates greater…

Q: What is fiscal policy? And what are the different views on it from political platforms?

A: In economics, the term fiscal policy refers to the method by which a nation’s government adjust…

Q: Economist Arthur Laffer famously pointed out that, in some cases, income tax revenue can actually go…

A: Arthur Laffer is the economist who explain the relationship between tax rates and the revenue…

Q: Suppose we wanted to use fiscal policy (a change in taxes OR a change in government spending) in…

A: Fiscal policy refers to the use of government spending and taxation to influence the economy. It is…

Q: Is it easier for governments to change taxes or spending plans? Why? What doesthis imply for policy?

A: Fiscal policies are the measures used by the government to affect the economy. The major fiscal…

Q: What is the tax policy?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: What is direct tax and indirect tax? Give example. How does taxation helps in fiscal development?

A: Direct Tax A direct tax, to put it simply, is one which you pay to the taxing authority directly.…

Q: Economist Arthur lagger famously pointed out that, in some cases, income tax revenue can actually go…

A: The tax is the unilateral payment made by the people towards the government for various purposes…

Q: If the budget deficit is lower than it was last year, we could say that..

A: Government budget refers to a financial plan outlining the expected revenues and expenditures of a…

Q: Describe the difficulties that can arise in implementing fiscal policy.??

A: Fiscal policy is known to be the policy in which the government uses three instruments which include…

Q: Why is crowding out an important issue in the debate over the use of fiscal policy?

A: Crowding out effect is an economic situation where interest rates are increased. This ends up  in…

Q: What are the implications of the current fiscal stimulus and low interest on the future of our…

A: A stimulus package is defined as a coordinated measure by the government to lift the economy out of…

Q: What is deficit, and why is the government willing to do this? What is expected to happen to the US…

A: At the point when a government's expenditures on goods, services, or transfer payments surpass their…

Q: What is fiscal policy and why it’s important?

A: Fiscal policy is used to control the affects of business cycles in the economy. In times of…

Q: How does fiscal policy determine the rules of the market? Who controls the rules of the market?

A: Fiscal coverage refers to the government's use of taxation and expenditure measures to influence the…

Q: What is the meaning and definitions of fiscal policy?

A: Fiscal policy is implemented by the government of a country. Money supply refers to the total volume…

Q: Give three yes and three no arguments. Why Are tax cuts good for America?

A: Any tax cut would decrease the revenue for government and increase the income of people with tax…

Q: what is the concept of fiscal policy?

A: Government is a unit or a group of people who runs the economy. This unit collectively makes various…

Q: How can FISCAL POLICIES help for a low-carbon economy?

A: Fiscal policies are policies that are used by the government to achieve various goals relating to…

Q: When the economy is in recession, government revenue falls due to a falling tax base. Therefore the…

A: Fiscal policy is the adjustment of spending and taxes by the government with a purpose to maintain…

Q: 1. Explain how each component in fiscal policy is used to solve the economic problem and illustrates…

A: Fiscal policy consists of three main components: 1. Receipts from the government2. Government…

Q: Explain the effectiveness of the fiscal policy in economics.

A: The fiscal policy is the means by which the public power changes its spending and pay to influence…

Q: Why do you think that expansionary fiscal policy can fail during a recession?

A: Recession is a situation in the economy, when there is general decline in the economic activity. For…

Q: As we emerge from the pandemic, your friends are concerned with the rising prices they're…

A: Introduction  Fiscal policy has known as budgetary instrument of government policy. It influences…

Q: can Social Security and Medicare be fiscal time bombs

A: Social security is an initiative by Federal government which provides sources of income to people…

Q: Comment on either (a) the type of fiscal policy or monetary policy that is currently being…

A: Answer(a) The current fiscal and monetary policy can be in such a way that various considerations…

Q: policy?

A: Resource allocation is the process of managing and assigning of assets in a manner which supports…

Q: Consider the three top spending priorities. How do public policy priorities, and how they are…

A: Government spending: It refers to the expenditure that government do in the economy. These…

Q: Give a real-word example from social media that demonstrates an understanding of the fiscal policy,…

A: The economy's output is not always at the potential level in the short run causing some adverse…

Q: 1.a) Define fiscal policies and provide examples of 2-3 specific policies from any level of…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: What is one thing we know and one thing we don’t know about how fiscal policy works?

A: One thing we know about how fiscal policy works is that it can be used by governments to influence…

Q: Who is in charge of the fiscal policy?

A: The fiscal policy is the policy of the policy of the government in the economy to control the…

Q: "Define in a formula, the federal budget deficit."

A: A budget deficit is defined as the excess of government expenditure over government receipts.

Q: From a political economy perspective, why does fiscal policy have a built-in expansionary bias?

A: Fiscal policy refers to the use of government spending and taxation to influence the economy. It…

Q: What are monetary, fiscal and growth and supply side policies. How can a government utilize fiscal…

A: The AD-AS model is the main crux when the government would decide on the quantity of the real GDP.…

Q: How do taxation and government spending impact the economy of a country positively in three ways and…

A: Positive impact of taxation Cutting taxes enhance demand by increasing disposable income and…

Q: Explain how the government can use fiscal policy and monetary policy to reduce unemployment.

A: The government can influence the economy through fiscal policies, while the central bank can…