Do you agree or disagree with this statement: “It isin the best interest of our economy for Congress and thePresident to run a balanced budget each year.” Explainyour answer

Q: What is fiscal policy? And what are the different views on it from political platforms?

A: In economics, the term fiscal policy refers to the method by which a nation’s government adjust…

Q: S. The "crowding- out effect" refers to the possibility that larger expen Ehe government simply…

A: Government borrows from the market to fund its increased expenditure, this borrowing leads to an…

Q: in a government budget, revenue deficit is $50,000 and borrowing are $75000.  How much is the fiscal…

A: If the government goes over its budget and spends more than what it actually receives as revenue,…

Q: What are some dangers of Fiscal Policy?

A: Fiscal policy: - it is a tool of the government of a country in which the government adjusts its…

Q: Fiscal policy is spending and taxation of the executive branch of the federal government; in…

A: Fiscal policy is the use of taxation and spending to influence the economy. It determines how much…

Q: What is Fiscal Policy? Discuss types of Fiscal policies

A: Fiscal policy refers to change in government expenditure and revenue(taxes) in order to achieve…

Q: Q2: Describe what a fiscal automatic stabilizer is. Given an example.

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Suppose that you are a member of the Council of Economic Advisers. The president has asked you to…

A: The COVID-19 has contributed to worsening economic conditions in the United States and around the…

Q: Government spending in Robok is $90 billion, and its only tax is an income tax with a marginal tax…

A:

Q: Briefly analyse the various policy measures that a government might have to undertake to deal with…

A: We show A fiscal deficit occurs when the government's expenditures exceed its revenues in a given…

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

A: The two kinds of macroeconomic policies adopted to tackle the demand or supply shocks faced by an…

Q: Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending…

A: NASA is maintained and managed by the U.S government and the universities are maintained by the…

Q: Briefly analyse the various policy measures that a government might have to undertake to deal with…

A: A fiscal deficit is a discrepancy between a government's revenue and expenditures. Spending over its…

Q: In a government budget, primary deficit is $20000 million and interest payments is $16000 million…

A: The information given to us is as follows:- Primary deficit of the government = $20,000 million…

Q: The Government has a $0.8 Trillion Growth target. What fiscal policy should they implement if MPS =…

A: To stimulate growth, government uses expansionary fiscal policy, by increasing spending (G) or…

Q: Suppose that the economy is in a recession as a result of a fall in investment spending and real GDP…

A: (a)Following below is the graph depicting the aggregate demand level during recession: From the…

Q: If a government shows the fiscal deficit of $ 40,000 billion the revenue expenditure on the interest…

A:

Q: Compare and contrast the use of government spending changes versus tax changes as a means of…

A: Both fiscal policies whether it is the use of government spending and use of tax changes are…

Q: How does the Expansionary and Contractionary Fiscal Policy affect the Inflation, GDP, Economic…

A: The government uses fiscal policy to increase or decrease the aggregate output. It can increase or…

Q: What must be true about the level of government expenditures and tax revenues for the federal…

A: Government expenditure is the amount spent by the government in order to provide goods and services…

Q: Our federal government establishes a budget that determines what programs and services can be…

A: Answer- Need to find- Our federal government establishes a budget that determines what programs and…

Q: iscuss the federal budget of the U.S government. should it always be balanced?

A: "Since you have asked multiple questions, we will answer only first question for you. If you have…

Q: Explain the objectives of  the fiscal policy.

A: In an economy, fiscal policy refers to the government action and it's intervention in the market by…

Q: Define the term fiscal policies and explain the government's government role in developing fiscal…

A: Fiscal policy is defined as the decision taken by the government to control the level of its…

Q: What would the government budget balance be equal to? $ trillion.

A: GDP is the sum of consumption, investment and government spending. When government spending exceeds…

Q: Discuss the relationship between revenue deficit and fiscal deficit

A: We know that the budgetary deficit is of three types which are revenue deficit, fiscal deficit and…

Q: Explain expansionary and discretionary fiscal policy (300 words)

A: Fiscal policies define as the government's policy which is used to control the money supply in the…

Q: Using examples from 2008-currently, explain fiscal policy. In your answer be sure to include what…

A: Main objective of any economy is stabilisation, economic growth, employment generation and poverty…

Q: Explain the 3 types of lag we should be concerned about when implementing fiscal policy?

A: When a policy is implemented there are certain lags due to the difference in the period when the…

Q: Explain 3 ways the Canadian Government might use fiscal policy to attempt to stimulate an economy…

A: Expansionary Fiscal policy is used as a means to shift the aggregate demand curve outwards during…

Q: Fiscal Policy

A: Introduction of Fiscal policy:-It is a policy via which a government makes adjustments in its tax…

Q: Explain the 3 features of ideal fiscal policy?

A: The use of government spending and tax policies to impact economic conditions, notably macroeconomic…

Q: spending is the part of the budget that works its way through Congress each year and includes…

A: Governments, organizations, and people all use budgets to estimate income and spending for a certain…

Q: What are the types of fiscal policy and when or in what economic situation it is applicable?

A: Fiscal policy: It refers to the arrangement depending on the hypotheses of British financial analyst…

Q: 15 MULTIPLE SELECT: If the government decides to utilize a contractionary fiscal policy, which of…

A: Fiscal policy is sometimes compared with monetary policy, which is determined by central bankers…

Q: Do you agree or disagree with this statement: “It is in the best interest ofoureconomy forCongress…

A: I completely disagree with the above statement. Indeed there are a few worries that accompany a…

Q: Explain the elements or test of fiscal policy that play a critical role in economic development.…

A: Fiscal policy is that the government rejects their spending and controls taxes and influences the…

Q: Compare two fiscal policies: a tax cut on income or an increase in government spending on roads and…

A: FP is a tool of government to stimulate the economy. It includes government expenditure and taxes,…

Q: What are the limits of fiscal policy?

A: Fiscal policy:- It is the government mechanism to either control the level of economic activities.…

Q: In an economy, the budgetary deficit is of $30,000 The total receipts are $14,000 Calculate the…

A: According to the above given question, the value given are:- Budgetary deficit = $30,000 Total…

Q: A policy shift from a neutral budget to one of decreased government spending and increased taxes…

A: A balance budget is the budget where expenditure of the government is equal to revenue over a given…

Q: Describe the role of the budget in fiscal policy

A: Fiscal policy is the use of public funds and tax assessments to affect the economy. Governments…