The savings rate in a country is 25%. The government wants to expand GDP by $300 Billion. How much must they increase Government spending to reach that goal?

What was the budget agenda for President George W. Bush's administration?

why does the budget require a forecast of the economy? under what circumstances would actual government spending and tax revenue fail to match the budget as approved?

Which type of policy – fiscal or monetary - do you feel was most impactful 2020? Why?

The effects of a budget deficit can be offset by: a. External financing b. Crowding out c. A structural deficit d. All of the above Crowding out occurs when: a. Business investment increases due to lower interest rates b. There is an increase in business borrowing c. An increase in federal borrowing reduces private borrowing d. There is an increase in the nations’ savings If the government wanted to reduce inflation in the economy, it could: a. Increase income transfers b. Increase government spending c. Cut taxes d. Increase taxes

The government decides that it will cut taxes in an attempt to move the economy out of a severe recession

How much more output does the $20 trillion U.S economy produce when GDP increases by 1.0 percent?

Do you think policy makers should attempt to stabilize the economy ? Why ?

Name and describe two different ways the government takes in money (revenue).

Mention a type of fiscal policy or monetary policy that is currently being implemented. Then discuss how government spending, taxes, or interest rates are being changed.