Suppose real GDP is constant. If the government's fiscal policy objective is to reduce the outstanding public debt, the government must: Oa. Have a structural primary budget surplus that is larger than its interest payments on the public debt O b. None of the answers is correct Have a structural budget surplus equal to the outstanding public debt O d. Sell new bonds in the open market

ww. STEADY AS SHE GOES Read A G what a BALANCED BUDGET THE ECONOMY Eipcs- Reprinted with permission from The Detroit News O A. Government revenues will stay the same. B. Government revenues will decrease. Spotify What does a balanced budget mean In terms of government revenue? Question 142 of 190 OC. Government revenue equals its spending. O D. Government receives less revenue than it spends. O E. Government generates more revenue than it spends. Chilled C

ses Aside from the few years during Clinton's administration, what is the state of the national debt? Select one: O a. the debt is growing O b. the debt has been reduced considerably during the Bush and Obama administrations. O c. the debt is steadily shrinking O d. the debt is mostly staying the same Which president tried to limit

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G= Government spending Tax revenues Real GDP $160 $100 $500 $160 $120 $600 $160 $140 $700 $160 $160 $800 $160 $180 $900 a) If GDP is $600, while full-employment GDP is $700, how large is the current budget deficit? How large is the structural budget deficit? b) Is Averna's current fiscal policy expansionary or contractionary? How can you tell? What would you expect to happen to GDP over the long run?

Title Actions by the Federal Government that decrease the progressivity of the tax system: a. decrease th Description Actions by the Federal Government that decrease the progressivity of the tax system: a. decrease the amount of government spending b. increase the effects of automatic stabilizers c. decrease the effects of automatic stabilizers d. increase the amount of taxation

Suppose the government decides to decrease taxes in an effort toincrease consumer spending and investment in the economy.(a) Will this plan succeed in accomplishing both goals?(b) In equilibrium, what happens to interest rates as a result of this action?(c) Would you characterize this as a case of fiscal crowding out? Explain.

The overall effects of contractionary fiscal policy are a __________ in income, _________ in money demand, ____________ in the interest rate and a ________ in investment. a decrease, decrease, increase, decrease. b decrease, decrease, decrease, increase. c decrease, decrease, decrease, decrease. d none of the listed options. e decrease, increase, decrease, increase.

When the total revenues in the federal government are greater than the total expenses in a given year, the budget: A. is balanced. B. has a profit. C. has a deficit. D. has a surplus.

All of the following, except one, would result from expansionary fiscal policy. Which is the exception? Multiple Choice O O O Increased price level. Increased GDP. Decreased budget deficit. Decreased unemployment. 4