4. In the twentieth century, fluctuations in real GDP were Group of answer choices -less severe during the last 50 years than was true during the first half of the century. -virtually eliminated as the result of the countercyclical application of fiscal policy. -more severe during the last 50 years than was true during the first half of the century. -primarily the result of a fiscal policy that has persistently balanced the federal budget.   Which of the following is correct?

Q: 6. Explain how built-in (or automatic) stabilizers work. What are the differences between…

A: GDP is the sum of consumption, investment, government spending and net exports.  GDP = C+I+G+NX

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

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Q: 12. What is the purpose of the following fiscal policies? a. Contractionary b. Expansionary fiscal…

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Q: 3. Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in…

A:

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

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

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A: 4. The answer is - e. As a percentage of GDP, it has steadily grown since World War II.

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Q: 1. The existence of budget deficits must mean that the government is conducting an expansionary…

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Q: 5 Which one of the following statements regarding fiscal policy and the budget is correct?(a) When…

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Q: 07. What factors make an expansionary "stimulus" fiscal policy effective?     a) A government…

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Q: 1. Why do we need fiscal policy?

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Q: 5. Demand side fiscal policy is also known as Keynesian Economic Theory * True O False

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Q: utline the supply-side view of fiscal policy. How does this view differ from the various demand-side…

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A: In order to boost the economy, the government should implement expansionary fiscal policy .

Q: When an economy is already at full employment, what is the outcome of expansionary fiscal policies…

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Q: Which of the following is not a category of fiscal policy?   government policies regarding the…

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Q: 10. Why might economists be quite concerned if the annual interest payments on the debt sharply…

A: If the annual interest payments on debt increased sharply, government spending on debt will increase…

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

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Q: Activity 4.1 Which of the following would be classed as an expansionary fiscal policy? a) An…

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Q: . Why fiscal administrations important in government?

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Q: 2) For both political and macroeconomic reasons governments are often reluctant to run budget…

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