The national debt increased by nearly $2 trillion in the 1980s because of all the following except Multiple Choice k О tax cuts. recessions. О defense spending. college financing.
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- If the effects of expansionary fiscal policy are delayed by recognition, implementation and impact lags lang enough that the economy has moved to a different stage of the business cycle, then the policy will lead to a budget surplus. the policy will have no effect. the effects could lead to even deeper recession. it may lead to excessive aggregate demand and inflation.Which is a good fiscal policy when inflation is very low and unemployment is very high? Decrease the money supply O Increase government purchases of goods and services Cut government transfer payments Decrease the budget deficitFiscal policy is spending and taxation of the executive branch of the federal government; in recessionary times, what initiatives in spending and or taxation are going to help the economy?
- Describe the shortcomings of Fiscal Policy. Be as thorough as possible.Is expansionary fiscal policy more attractive topoliticians who believe in larger government or topoliticians who believe in smaller government? Explainyour answer.Given a government budget, a recession increases the federal deficit due to autmatic stabilizers All of the above. the economy contracts and tax revenues automatically fall. welfare progeams such as unemployment insurance and food stamps, automatically increase.
- During the Great Recession of 20082009, what actions would have been required of Congress and the President had a balanced budget amendment to the Constitution been ratified? What impact would that have had on the unemployment rate?Suppose that you are a member of the Council of Economic Advisers. The president has asked you to prepare a statement on the question, "What is the proper fiscal policy for the next 12 months?" Pre-pare such a statement, indicating (a) the current state of the economy (that is, the unemployment rate, growth in real income, and rate of inflation) and (b) your fiscal policy suggestions. Should the budget be in balance? Explain the reasoning behind your suggestions.Using the appropriate aggregate demand and supply diagram, show any one instance where conducting fiscal policy on the economy of a country may not work. Don,t copy from anywher. Do answer step by step. Answer Must be correct.
