...... can be stopped with .... policy changes that remove the need for ..... a) seigniorage / monetary / borrowing in the open market b) hyperinflations / fiscal / printing large quantities of money c) printing large quantities of money / monetary / taxes d) hyperinflations / fiscal / seigniorage e) open market operations / new tax / selling gold

...... can be stopped with .... policy changes that remove the need for ..... a) seigniorage / monetary / borrowing in the open market b) hyperinflations / fiscal / printing large quantities of money c) printing large quantities of money / monetary / taxes d) hyperinflations / fiscal / seigniorage e) open market operations / new tax / selling gold

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 6E

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Similar questions

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Oman’s government will finance most of its budget shortfall in 2021 by borrowing to plug a fiscal gap battered by a decline in oil prices and the coronavirus pandemic. The Persian Gulf state is looking into borrowing that will cover 73%, or 1.6 billion rials ($4.2 billion), of the country’s 2.2 billion-rial shortfall, with the remaining 600 million rials to be drawn from its reserves, according to a post on Twitter by the state-run Oman News Agency on Friday. The government based its 2021 budget plan on an oil price of $45 per barrel. Other highlights from Oman’s 2021 budget: Expenditure is set to fall to 10.8 billion rials, a 14% drop from the previous year. 2021 revenue is set to fall to 8.6 billion rials, a 19% decline. Budget deficit at 8% of gross domestic product in 2021, 2.2 billion rials. Oman has taken measures such as reduced spending and plans to impose a 5% value-added tax in 2021. It will implement developmental projects valued at 371 million rials as part of the effort…
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