4)  Why should the federal government not be required to balance its budget while state and local governments are?

Q: 5. Refer to the table. The changes in the budget conditions between 1998 1999 best reflect: * Actual…

A: Fiscal policy refers to the policy of tax and expenditure of government. Expansionary fiscal policy…

Q: How will the deficit for the bottom line budget of $3.1 trillion affect the economy?

A: The budget deficit would result in the increase of the government expenditures over the revenues.…

Q: 1. Which of the following best describes a fiscal policy tool? A. government spending B. bank…

A: Fiscal policy instruments are utilized by legislatures that impact the economy. These essentially…

Q: Explain the role of the Presidency and the Congress in the budget proces

A: A budget process refers to the mechanism by which a budget is generated and approved by government.

Q: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: given                                                            Federal government expenditure…

Q: Why is the tax multiplier smaller than the government spending multiplier?

A: Tax multiplier : It is the multiple by which the Gross Domestic Product (GDP) increases or decreases…

Q: 1) Under which of the following scenarios would an expansionary fiscal policy be more effective?…

A: In an economy, expansionary fiscal policy refers to the situation when government tries to increase…

Q: Describe the fiscal interdependence of the various levels of government in the U.S. (a) How do the…

A: The United States’ governmental system consists of three levels: local, state and federal. The three…

Q: 52. An example of nondiscretionary fiscal policy would be a. The operation of the welfare state b. A…

A: The expenditures in an economy are made by various entities in the economy, such as the expenditures…

Q: Explain 2 alternative methods that you can think of to raise government finance other than borrowing…

A: Government expenditure is the amount that the country's government spends for the development of the…

Q: 2. If a government runs a budget deficit of $10 billion dollars each year for ten years, then a…

A: * ANSWER :-  * (2) as based on given data ,

Q: Problem 13-05 (algo) Refer to the following table for Waxwania: Government Expenditures, G Tax…

A: When expenditure surpasses revenue, a budget deficit occurs. Although people, businesses, and other…

Q: 7 - In a circular-flow diagram, funds that flow between households and the government are, 62 a)…

A: Circular flow diagram: It is a graphical representation of the flow of goods and services and money…

Q: 6. (Fiscal Policy) Was fiscal policy effective when the U.S. economy was experiencing stagflation…

A: Fiscal policy is defined as 'government expenditure used to stimulate production or government…

Q: 9. An uncapped dollar-for-dollar federal matching grant may be mor efficient than a federal block…

A: Uncapped means not covered as with a cap and matchings grants in the simplest terms are grants that…

Q: 1. If inflation is a major issue in the economy, what would be the correct fiscal policy response…

A: Answer: Inflation: it refers to the rise in the general prices of goods and services during a year.…

Q: 2. What are the budget revenues for a government to finance government spending?

A: The government as an economic agent would result in the income of the government to finance the…

Q: A reduction in current taxes must result in which of the following?       lower future taxes…

A: Tax cuts may slow long-run economic process by increasing budget deficits. When the economy is…

Q: 1. How does the government spend? 2. How does the government tax? 3. What are budg t deficits?

A: Government basically refers to a structure that governs a group of people, and it generally consists…

Q: 3. In each of the following cases, explain whether the fiscal policy is expansionary,…

A: The use of government revenue collection (taxes or tax cuts) and expenditure to impact a country's…

Q: 1. Why is a $100 billion increase in government spending on goods and services more expansionary…

A: In an economy, a 1% change in government spending will have different impact on the real GDP as…

Q: 9. Why do Social Security and Medicare pose problems for the federal government budget? The number…

A: Social security and Medicare are considered as the components in which the larger share of…

Q: 6. The discretionary fiscal policy initiatives adopted in 2009 were intended mainly to A. increase…

A: Fiscal Policy is the policy through which government can adjust the tax rates and its spending level…

Q: 6. What fiscal policy actions would you recommend in the following instances? (Draw a diagram that…

A: Fiscal policy is a policy tool implemented by the government in order to control the economy. The…

Q: 4. Which two ministries use up more of the provincial budget than all the others combined?

A: When product or a particular service is manufactured, cost  takes place and process of business…

Q: 7. An expansionary fiscal policy: (Select All that Apply) A. usually decreases a government budget…

A: As there are multiple different questions, solution is provided to the first question i.e. Q7.…

Q: Explain the importance of government budget in an economy??

A: According to the given question A Government budget is basically known as the budget of the…

Q: Question 4 (1) Differentiate between the following terms: a. a budget deficit. b. the government…

A: a). budget deficit is the excess of the expenditure or spending of the government over the revenue…

Q: 2. Considering the recent pandemic situation, Consumers fear a recession, they start reducing…

A: An expansionary fiscal policy will most effective in this case. The two major examples of…