Which of the following statements are TRUE?     (a) In a situation of a sovereign debt crisis Keynesian macroeconomic policy is unavailable because the government is practically unable to borrow.     (b) Balancing the national government budget each year is sound macroeconomic policy     (c) It is possible and preferable to balance the national government budget over the business cycle.     (d) The national debt always implies mortgaging our children's future and thus government should seek to retire as much of this debt as possible.     (e) The part of the national debt that is owed to other parts of the national government should not be counted as a problem since it involves the government owing money to itself.

A government is facing a significant budget deficit due to high levels of public spending and declining tax revenues. To address this, several measures are being considered, including cutting public expenditures, increasing taxes, and implementing more efficient tax collection methods. The impact of a budget deficit on an economy can include increased national debt and potential inflationary pressures. In this situation, the most effective approach to address the budget deficit would be:A) Borrowing more funds internationallyB) Cutting essential public servicesC) Increasing taxes and improving tax collectionD) Privatizing all public services   Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.

Describe how a budget deficit arises and explain the corresponding action typically taken by a government in this type of circumstance. Discuss the major categories that the U.S. government spends its tax revenue on and indicate what percentage of tax revenue is spent on these categories on an annual basis. please answer shortly

Q)Which of these methods of government deficit finance is MOST likely to crowd out private investment? Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices selling bonds to the public selling bonds to the Social Security Administration selling bonds to the Federal Reserve selling offshore oil leases

Which of the following statements regarding fiscal policy is correct? Select one: a. Expansionary fiscal policy (e.g. increasing the government deficit or reducing the surplus) always has a stabilising effect on the economy b. Just as a family worried about mounting debts should cut spending and save more, an economy should adopt austerity measures when its debt level is high to restore its public finances to balance c. In a recession, the aim of a government fiscal expansion is to over-ride the effects of automatic stabilisers d. In a downturn, unemployment benefits automatically increase government spending, and lower income levels reduce the amount of income tax that is paid. In a boom, unemployment benefits are reduced, decreasing government spending whilst more income tax revenue is collected. These are therefore automatic stabilisers.