ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- If a recession persists due to nominal wage and price stickiness (i.e., slow adjustment of nominal wages downward), what kind of fiscal policy can bring us out of this recession? decreased government expenditures and increased taxes increased government expenditures and decreased taxes decreased government expenditures contractionary fiscal policyarrow_forwardWhich of the following statements is/are true? Group of answer choices Inside Lag for Fiscal Policy is much shorter than Monetary Policy. Inside Lag for Fiscal Policy is much longer than Monetary Policy. None of the statements are true. Outside Lag for Fiscal Policy is much shorter than Monetary Policy PreviousNextarrow_forwardWhich of the following statements about automatic stabilizers in Canada is the most accurate? They are the responsibility of the provinces since they, unlike the federal government, do not face lag problems. They are controlled by the Bank of Canada to help manage the business cycle. They are able to completely eliminate all the lag problems associated with fiscal policy. They are changes in government transfer payments and tax revenues that vary automatically and inversely to business cycle changes.arrow_forward
- Please give me correct answer with full explanation; otherwise, i give multiple downvote.arrow_forwardNigeria typically runs a gov budget surplus, and it has a small debt to GDP ratio (approximately 40%). This year, Nigeria is running a government budget deficit, and it is financing that deficit by selling government bonds.This year's government budget deficit is causing interest rates to (increase/decrease/remain the same/change ambiguously) and the debt to ( increase/decrease/remain the same/change ambiguously.) Nigeria is predicted to return to a surplus position next year. If it is successful, interest rates will (increase/decrease/remain the same/change ambiguously) and the debt will (increase/decrease/remain the same/change ambiguously.) In August 2019, Nigeria announced that it would increase its sale of government bonds from 55 billion nigerian currency to 85 billion nigerian currency. This resulted in (an increase, decrease, no change, an ambiguous change) in the price of government bonds and (an increase, decrease, no change, an ambiguous change) in the yield of government…arrow_forwardWhich of the following would not be considered an automatic stabilizer? Question 13 options: Income tax Unemployment compensation Education spending Food stampsarrow_forward
- Which of the following is an example of an automatic stabilizer? tax rates the MPC the amount of dollars collected in taxes interest ratesarrow_forwardIn the long-run framework, budget surpluses: Choose the Correct and Explain why its correct should be run whenever output dips below potential output. should never be run since they crowd out investment in the short run. are better than budget deficits over the long run because unlike budget deficits, they increase saving and investment. should be run on a permanent basis since they boost saving and investment and stimulate economic growth.arrow_forwardTreasury yields have climbed in recent months along with investors’ expectations for a strong economic rebound, driven in part by more debt-financed government spending. True or Falsearrow_forward
- Active policy making refers to nondiscretionary policy making. relying on policies that act as automatic stabilizers. actions taken by policy makers in response to or in anticipation of some change in the overall economy. policy making that is carried out in response to a rule.arrow_forwardGovernment debt in the United States can be categorized a number of different ways. For each debt definition, please indicate all of the scenarios which match that type of debt. The national debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. the Social Security Administration. a citizen of Germany. a little old lady in Peoria. The public debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria. the Social Security Administration. Internally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria. Externally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria.arrow_forward
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