If provinces were legally bound to have annually balanced budgets, they would likely: Select one: a. have less severe business cycles than they would otherwise. (Incorrect) b. have more severe business cycles than they would otherwise. c. grow faster than they would otherwise. (Incorrect) d. have a better quality of life than they would otherwise.

If provinces were legally bound to have annually balanced budgets, they would likely: Select one: a. have less severe business cycles than they would otherwise. (Incorrect) b. have more severe business cycles than they would otherwise. c. grow faster than they would otherwise. (Incorrect) d. have a better quality of life than they would otherwise.

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 7E

See similar textbooks

Similar questions

According to economic theory, state governmentsA) will act in the public interest.B) will be biased toward chronic budget deficits.C) will act in the national interest.D) will do all of the above.E) will do none of the above.
Which of these scenarios would explain a strategy used to evaluate large numbers in terms of what they mean per person? Answer choices a-A high school teacher wants to show her students how big the military budget is by comparing it to the size of the economy. b-A professor explains that a new piece of legislation would cost $50 billion and would tax each citizen $0.20. c-An economist wants to show the magnitude to which unemployment has increased over time by comparing it to unemployment in previous years. d-An economist shows an audience how severe overpopulation is by determining when the population will double.
Why governments / decision makers try to achieve the stable economic growth and lower inflation? What are key problems which may be encountered when attempting to balance these two objectives? Evaluate the macroeconomic measures, employing fiscal and/or monetary policies, which could be taken to balance these two objectives.
The three main objectives of the national economy are price stability, full employment, and economic expansion. For each goal, suggest a strategy the government might implement to attain that goal.
What institutional framework is in place to ensure that the South African government performs its function in a transparent, accountable and consistent manner and evaluate the effectiveness of such a framework in preventing government failure.
. Which statement best describes how limited government is a key characteristic of the U.S. economy? Limited government restricts consumer spending. Limited government subsidizes domestic industries. Limited government encourages the growth of monopolies. Limited government promotes free-enterprise transactions.
How do I rewrite this Rwanda has guarded its political stability since the 1994 genocide against the Tutsi. Parliamentary elections in September 2018 saw women fill 61% of seats, the Rwandan Patriotic Front maintain an absolute majority, and two opposition parties, the Democratic Green Party of Rwanda and Social Party, Imberakuri, win two seats each. President Paul Kagame was re-elected for a seven-year term in August 2018, after an amendment to the constitution allowed him to run for a third term (World Bank, 2023). Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Someone criticizes the government for increasing interest rates but approving the increase in government spending. They are criticizing the government’s ____policy and praising the government ___ policy. Group of answer choices Monetary, Fiscal Fiscal, Monetary Microeconomic, Macroeconomic Macroeconomic, Microeconomic
Describe three ways a government policymaker can try to raise the growth in living standards in a society. Are there any drawbacks to these policies? Which one if any do you think is most plausible?
Q.9.1 Which one of the following statements is INCORRECT? (a) Provincial government forms part of the public sector.(b) Central government forms part of general government.(c) Provincial government forms part of the general government.(d) Public corporations form part of general government. Q.9.2 Openness of an economy is: (a) the extent to which a country is involved in international trade andfinance.(b) the degree to which a country generates its economic growth.(c) the degree to which a country generates its income.(d) the extent to which a country is involved in tourism.
Describe three ways a government policy maker can try to raise the growth in living standards in a society. Are there drawbacks to these policies?
If a populist government succeeded one that believed in neo-liberalism, what two changes in policy would you expect the government to make? It is a short answer question.