Macroeconomics for Today
10th Edition
ISBN: 9780357161494
Author: Irvin B. Tucker
Publisher: Cengage Learning US
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Question
Chapter 13, Problem 6SQ
To determine
The owning of national debt and the impact in future.
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A cyclical deficit reflects__________, while a structural deficit reflects ___________
fluctuations in federal revenues at full employment under prevailing fiscal policy; fluctuations in the costs of maintaining programs and policies that are increasing faster than revenues.
fluctuations in budget deficit due to automatic stabilizers for entitlement programs; fluctuations in economic activity caused by a decline in the economy.
fluctuations in economic activity as a result of discretionary fiscal policy; fluctuations in the costs of maintaining programs and policies that are increasing faster than revenues.
4. fluctuations in deficit spending due to contraction of the macro economy; fluctuations in federal revenues at full employment under prevailing fiscal policy.
Which of the following owns the largest proportion of the national debt?
a.
foreigners
b.
federal, state, and local governments and the Federal Reserve
c.
private individuals, banks, and corporations
d.
foreign governments
2*************************
2)Compare the fiscal condition of the United States with that of Germany.
a)What fiscal issues or challenges do both countries have in common?
b)What major area of fiscal policy is different when comparing the US with Germany?
Chapter 13 Solutions
Macroeconomics for Today
Ch. 13.1 - Prob. 1YTECh. 13.1 - Prob. 2YTECh. 13.3 - Prob. 1YTECh. 13.3 - Prob. 2YTECh. 13 - Prob. 1SQPCh. 13 - Prob. 2SQPCh. 13 - Prob. 3SQPCh. 13 - Prob. 4SQPCh. 13 - Prob. 5SQPCh. 13 - Prob. 6SQP
Ch. 13 - Prob. 7SQPCh. 13 - Prob. 8SQPCh. 13 - Prob. 9SQPCh. 13 - Prob. 10SQPCh. 13 - Prob. 11SQPCh. 13 - Prob. 1SQCh. 13 - Prob. 2SQCh. 13 - Prob. 3SQCh. 13 - Prob. 4SQCh. 13 - Prob. 5SQCh. 13 - Prob. 6SQCh. 13 - Prob. 7SQCh. 13 - Prob. 8SQCh. 13 - Prob. 9SQCh. 13 - Prob. 10SQCh. 13 - Prob. 11SQCh. 13 - Prob. 12SQCh. 13 - Prob. 13SQCh. 13 - Prob. 14SQCh. 13 - Prob. 15SQCh. 13 - Prob. 16SQCh. 13 - Prob. 17SQCh. 13 - Prob. 18SQCh. 13 - Prob. 19SQCh. 13 - Prob. 20SQ
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