The majority of economists. - budget amendment to the U.S. Constitution because it would be blank. Multiple Choice oppose; procyclical. oppose; countercyclical. favor; procyclical. favor; countercyclical. _blank a balanced

what role does taxation and budget process play in government decisions?

Which of the following statements about the Canadian federal budget is FALSE? A. Currently, Canada has a federal budget deficit. B. The Minister of Finance presents the federal bugdet to the Canadian Parliament. C. The largest source of federal government revenues are personal income taxes. D. The largest source of federal government outlays are transfer payments to persons and other levels of government. E. Canada has not had federal budgetary surpluses in any fiscal year over the 2000 to 2020 period.

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

Describe the problems with passing a balanced budget amendment.

Explain the 3 features of ideal fiscal policy?

The federal budget usually shows a surplus. True or False?

An amendment to the Texas Constitution requires a balanced budget. This means that _____.   A. any increase in government spending must be offset by a decrease in the total funds allocated to the General Revenue budget   B. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 30 percent   C. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 10 percent   D. any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget

Do you agree or disagree with this statement: “It is in the best interest ofoureconomy forCongress and the President to run a balanced budget each year.” Explain your answer.

Country D experiences a recession due to a decrease in consumer confidence. There are two economists, Andrew and Betty. Betty suggests the government to do nothing. Andrew suggests the government to implement fiscal policies to revive the economy as soon as possible.   If the government adopts Betty’s policy, draw an AD-AS graph to show what happens to the economy in short run and then long run after the decrease in consumer confidence.   Suppose the government adopts Andrew’s policy. (i) Will the government increase or decrease spending? (ii) The government cuts the income tax rate. After cutting the income tax rate, the total income tax revenue collected increases. Explain why. (iii) Will Andrew’s policy be more effective if MPC is smaller?   Give one advantage of Betty’s policy over Andrew’s policy.