In 1995, a proposed constitutional amendment that would require a balanced budget passed the U.S. House of Representatives by a wide margin and failed in the U.S. Senate by only one vote. As a result, the U.S. federal government doesn't have to run on a balanced budget by law, but a number of economists argue it should. What are some of the arguments that economists use to claim that a balanced budget is a good idea? What are the economic arguments presented by balanced budget opponents?

Q: 1. Which of the following is an example of govemment discretionary spending:  A) Social Security…

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

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Q: 1. When the federal government spends more than it takes in via taxes, it runs a fiscal deficit. A…

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Q: How will the revenues for the bottom line with a budget of $3.4 trillion affect our economy?

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Q: a) How can the government use fiscal policy during a downturn to stimulate the economy?

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Q: 2. What is the largest component of the federal budget? A) Entitlements C) Defense B) Net interest

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Q: 1.a) Define fiscal policies and provide examples of 2-3 specific policies from any level of…

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Q: Define government budget in not more than 3 lines

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

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Q: The government has a balanced budget if O the money supply is less than total expenditures. O its…

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A: ANSWER

Q: d. the government's budget must be balanced.

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

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Q: Why is it important to budget? (Note: You may discuss it in personal level to government level)

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Q: b) Show that the activity Y when the parliamentary majority increases Ip by 100 so that Alp = 100…

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

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Q: Please answer the following question: 1. What is the largest component of the federal budget? A)…

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

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Q: A: What are the three fiscal policy tools?     B: How would change each tool if your goal was to…

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