Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer one question. Budget Balance Cyclical Component 236 58 128 -1 -158 -83 -378 -107 -413 -58 -318 -20 -248 11 -161 17 -459 -26 -1,413 -251 -1,294 -300 -1,300 -264 -1,087 -208 -680 -207 -485 -168 -439 -86 -585 -76 -53 11 53 -403 Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 -665 -779 -984 -3,310 Structural Component 178 129 -75 -271 -355 -298 -259 -178 -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 -612 .-790 -1,037 -2,907 Instructions: Enter your response as a whole number. From 2010 through 2020, in how many years was fiscal restraint initiated? year(s)

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Fiscal Policy- Ask FRED The accompanying graph depicts the unemplovment insurance benefits paid bv the U.S. government. ALFREDP Personal current transfer receipts: Government social benefits to persons: Unemployment insurance Vintage: 2018-01-29 180 160 140 120 100 60 40 20 2005 2010 2015 975 Source: U.S. Bureau of Economic Analysis a. What is the maximum monthly amount the government spent on unemployment insurance? Enter your answer in billions of dollars billion

Please using examples and clearly labeled graphs where applicable answer the following question clearly and detailed.   The government decides to pursue a policy of keeping the amount of tax revenue it collects to be a fixed amount. In terms of tax rates, is this policy pro-cyclical, countercyclical, or neutral? Is this a good policy for the government to adopt?

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Select the correct option and explain why it is correct :  a) Critics of discretionary fiscal policy argue that discretionary policy : 1) has uncertain effects 2) has an impact lag that is too short. 3) raises more inflation than policy rules. 4) has long recognition and implementation lags. b) The largest share of expenditures by state and local governemtnn is for :  1) Transfer payment 2) national defense 3) law enforcement 4) purchase of goods and services c) Countercyclical fiscal policy is designed to :  1) shift the inflation adjustment line so that real GDP is equal to potential GDP 2) reduce unemployment further when it is already at a low level 3) increase potential GDP 4) shift the aggregate demand curve so that real GDP equals potential GDP. d) Which of the following types of taxes provide the most revenue for the federal governemtn 1) Payroll taxes 2) income taxes 3) Sales taxes 4) corporate taxes

Assume that the nominal interest rate is 11 percent, the inflation rate is 8 percent, and government debt at the beginning of the year equals $4 trillion. By how much is the government budget deficit overstated as a result of inflation? A) $0.12 trillion B) $0.32 trillion C) $0.44 trillion D) $0.80 trillion

ces Me Graw Hill Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer two questions. Budget Balance Cyclical Component + Structural Component 236 58 178 128 -1 129 -83 -75 -107 -271 -58 -355 -20 -298 11 -259 17 -178 -26 -251 ly clear Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 -158 -378 -413 -318 -248 -161 -459 -1,413 -1,294 -1,300 -1,087 -680 -485 -439 -585 -665 -779 -984 -3,310 -300 -264 -208 -207 -168 -86 -76 -53 11 53 -403 billion of fiscal (Click to select) - ▬▬ billion of fiscal (Click to select) -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 Instructions: Enter your responses as a whole number. How much fiscal stimulus or restraint occurred between, a. 2007 and 2008? $ b. 2017 and 2018? $ -612 . -790 -1,037 -2,907 Q Search I