Evaluate the economic impact of current and future Federal budget

Q: Discuss the difficulty in predicting the effects of discretionary fiscal policy.

A: Fiscal policy is the process through which a government modifies its spending and tax rates in order…

Q: discuss the economic implications of  Joe Biden’s fiscal stimulus for the US economy and the…

A: The economies around the globe are focused on their development and growth in various areas. The…

Q: Contrast government debt with budget deficit or surplus

A: Budget deficit is the government expenditure dominating the government revenue in budget for a given…

Q: Identify and describe some practical difficulties of discretionary fiscal policy.

A: please find the answer below.

Q: Discuss one likely affect of fiscal policy financed via the accumulation of additional government…

A: Fiscal policy is related to government spending and use of taxes as well as subsidies for the…

Q: Assume that the total federal debt is equal to $3 trillion.  Suppose now that the government runs a…

A: A budget deficit is a negative balance of budget that occurs when the government expenditures…

Q: Classify each statement based on the type of fiscal policy to which it refers. Expansionary fiscal…

A: The fiscal policy action that is used by the government to increase the aggregate demand is known as…

Q: budget deficit and national debt.

A: Budget deficit: It is the difference between total receipts & expenditure in both revenue &…

Q: Assume today is October 20, 2021. In which quarter of fiscal year 2022 is the federal budget?

A: The federal budget is the government's estimate of revenue and spending for each fiscal year. The…

Q: Discuss two reasons why discretionary fiscal policy (expansionary & contractionary) may be…

A: Contractionary fiscal policy:- When the government either slashes expenditure or hikes taxes, it is…

Q: 18)What action could the TCMB take to reduce the crowding-out effect of an expansionary fiscal…

A: The fiscal policy is the policy of the government regarding financial matters such as taxation and…

Q: What two factors could reduce the net economic burden that might be shifted to future generations…

A: find below the answer.

Q: Please explain and give examples of significance of the distinction between discretionary and…

A: Fiscal policy refers to the policy tools used by the government to interfere in the economy and pull…

Q: Explain the theory that crowding out can weaken or nullify the effect of expansionary fiscal policy…

A: Expansionary fiscal policy is used to shift the aggregate demand curve right. This is usually done…

Q: Identify and describe some practical difficulties of discretionary fiscal policy and use examples…

A: The deliberate policy action that is taken by the government when there is a problem. So the policy…

Q: Discuss the challenges of predicting the effects of discretionary fiscal policy on aggregate…

A: fiscal policy refers to the policy of taxation and expenditures of government. Government makes…

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: Consider a family of four in 2008, whose poverty threshold is $22,024. If this family's total income…

A: Since you have asked multiple questions, we will answer the second question for you. If you want any…

Q: Explain each of the tools that exist in expansionary fiscal policy and contractionary fiscal policy.

A: Fiscal policy is the use of government spending and taxation to adjust the economy. It is a method…

Q: Explain how expansionary fiscal policy works in an economy

A: The fiscal policy is the use of government revenue (taxes or tax cut) and the government…

Q: List what specific, deliberate actions the federal government could take to enact expansionary…

A: Expansionary fiscal policy is aimed at increasing aggregate demand when the economy is in a…

Q: Clearly distinguish between expansionary and contractionary fiscal policy.

A: Introduction Fiscal Policy Fiscal policy is controlled by the central government of the country.…

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: since 1994 has the federal budget had a surplus

A: Budget surplus means total revenue exceeds total expenditure by the government.  From the graph…

Q: Derive and discuss the three major fiscal policy multipliers

A: Assuming an open economy where output is exactly equal to the sum of consumption expenditure,…

Q: Are large federal deficits and a growing federal debt sustainable? What can be learned from the…

A: Federal debt: It means the amount of money that the federal government has borrowed and not yet paid…

Q: List and distinguish the three major fiscal function

A: The employment of taxation and expenditure of the government to impact the economy is known as…

Q: Explain the essence of fiscal policy and how it realized! Explain causes and consequences of budget…

A: Fiscal policy is the use of government revenue collection and expenditure to influence a nation's…

Q: How do economists distinguish between the absolute and relative sizes of the public debt? Why is the…

A: Absolute size of the public debt: It is the total accumulation of the deficits (minus the surpluses)…

Q: Explain the instuments of Fiscal policy.

A: Monetary and fiscal policy are the 2 most important type of policies in the economy. Monetary policy…

Q: explain the impact of balanced budget on national debt

A: Primarily. lets clear on two basic concepts that will be used in the question under consideration:…

Q: Strengthts and weaknesses of fiscal policies.

A: Fiscal policy refers to the policy by government to control the aggregate demand or stabilise the…

Q: What are problems that governments may encounter in enacting and applying fiscal policy? Explain the…

A: Fiscal policy is tools available to government to counter the economic imbalances, using an…

Q: Explain the difference between “active” discretionary fiscal policy advocated by mainstream…

A: During recessions, active discretionary fiscal policy entails the use of deficit spending, that is,…

Q: Explain how the two main tools of fiscal policy can be applied by a government in the…

A: "Government make use of fiscal policy in order to stabilize a country's economy. Government while…

Q: Create a framework of procedure governing the planning and implementation of budgetary policies.…

A: Budgeting and policy-making are difficult to reconcile in any environment. Transitional economy…

Q: What do you understand from the sustainability problem of the fiscal stimulus packages implemented…

A: When the economy is facing a recession, the government can stimulate the economy by using…

Q: What issue or problem in the economy would be fixed with expansionary fiscal policy? Contractionary…

A: Expansionary-Fiscal policies are targeted towards increasing the consumption in the…

Q: Define fiscal policy and explain the role of income taxes and government spending as fiscal policy…

A: Meaning of Fiscal Policy: The term fiscal policy refers to the situation under which the…

Q: What are the Cost and then benefits of contractionary fiscal type in the economy

A: The policy that is used by the government during high phases of growth of the economy is being known…

Q: Explain how governments need to recognise the impact of several time lags as a problem in fiscal…

A: Changes the government makes to spending or taxing in an effort to affect the state of the economy…