ist the 3 major economic goals of fiscal policy.   Who is responsible for fiscal policy?

Q: 1. Using the chart above, write a short description highlighting positive and negative indicators of…

A: Considering the given forecasts, the only positive is that we see a decline in inflation from 2.6%…

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: Describe fiscal policy. How can it affect the money supply, interest rates, and the expansion and…

A: Fiscal policy refers to the method of government spending and tax policies to take a control over…

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: 1) Under which of the following scenarios would an expansionary fiscal policy be more effective?…

A: In an economy, expansionary fiscal policy refers to the situation when government tries to increase…

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

A: Fiscal policy refers to the changes in federal government purchases and taxes. The government…

Q: As we emerge from the pandemic, your friends are concerned with the rising prices they're…

A: Introduction  Fiscal policy has known as budgetary instrument of government policy. It influences…

Q: Diagram 1 Price Level (PL) O ADO O AD1 YF O AD2 ADS O AD3 AD4 AD2 If you cannot see the image above,…

A: Aggregate Demand  Aggregate demand refers to the entire amount of demand for all completed goods and…

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

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1. Fiscal Policya. Assume the Economy has an inflationary gap with above average price level,…

A: a) Inflationary gap is said to exist when the real gross domestic product exceeds the maximum…

Q: What are the 3 tools for fiscal policy?  How would they be used for expansionary stabilization?…

A: Fiscal policy is a tool used by the government to influence a country's economy. There are two types…

Q: 4. In the twentieth century, fluctuations in real GDP were Group of answer choices -less severe…

A: In the twentieth century, fluctuations in real GDP were: less severe during the last 50 years than…

Q: If the government were to increase income taxes, how would that affect output (RGDP) and the price…

A: Similarly, contractionary fiscal policy,  dampens the output level in the short run. It shifts the…

Q: What's the difference between the debt and a deficit? Expansionary fiscal policy involves increasing…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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

A: Fiscal Policy: This is regarding government policy. Under this policy, the government uses tools…

Q: This course is designed to provide an understanding of market economies and the fluctuations they…

A: Depending upon the situation in the economy the government adopts expansionary or contractionary…

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: What are monetary, fiscal and growth and supply side policies. How can a government utilize fiscal…

A: The AD-AS model is the main crux when the government would decide on the quantity of the real GDP.…

Q: Fiscal policy is used not only to influence economic activity but also for political purposes.…

A: Government fiscal policy refers to the expense that a government needs to provide goods and services…

Q: Price Level 상 The graph below depicts an economy where a decline in aggregate demand has caused a…

A: [a] Change required to restore the long-run equilibrium output = 400 - 320 = $80 billion. Thus, the…

Q: The following table shows government spending and tax revenue for a hypothetical economy over a…

A: A budget deficit occurs when the actual expenses of the government exceeds the planned expenses.

Q: The government's budget surplus in Macroland has risen consistently over the past five years. Two…

A: Please find the answer below.   FISCAL POLICY: Fiscal policy refers to the governmental use of…

Q: 10.We discussed four problems that complicate the application of fiscal policy.    a. List and…

A: Four problems associated with Fiscal Policy are:Policy LagsThe question in this context is related…

Q: What are the automatic stabilizers in the fiscal policy? How does fiscal policy destabilize the…

A: A policy through which the government tends to adjusts its levels of spending and rates of tax for…

Q: In 10+ sentences, explain how we can eliminate the national debt using fiscal policy. Explain how we…

A: The use of government spending and tax policies to influence economic conditions, especially…

Q: Critically explain why governments use the expansionary fiscal policy.

A: The policies which have an influence on the economy, when the government adjusts its spending amount…

Q: 16) What is the first signal that policy makers may need to examine expansionary fiscal economic…

A: Expansionary fiscal policy : Due to increment in government expenditure , there will be increase in…

Q: If fiscal budgets don’t need to balance, what should we be trying to balance in an economy? Explain…

A: Since you have asked multiple questions we will answer the first three questions for you. Fiscal…

Q: 01. Which ff the following reasons why fine-tuning the economy is not likely to be successful, is…

A: In an economy, there are different types of economic lags that may arise when government tries to…

Q: Answer the questions below a. Discuss why the aggregate supply (AS) curve is relatively flat within…

A: Fiscal policy involves using spending and taxes as a tool to influence the level of real GDP in 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: discretionary fiscal policy and nondiscretionary or built-in stabilization policy.

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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: Discuss the current Fiscal Policy with the impact of the coronavirus on macroeconomics in place to…

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: The Government and Fiscal Policy (chapter 16) Question -- When an economy is already at full…

A: Expansionary fiscal policy is government's initiative to provide increased money supply or spending…

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

A: In economics and political science, fiscal policy is the use of government revenue collection and…

Q: Why did some governments feel that they had to introduce “austerity” fiscal policies soon after the…

A: A Fiscal Policy is an instrument of the government and reefers to the use of government spending and…

Q: If GDP in Makala is $300, what is the government's budget balance? b) If government spending is…

A: (a) At real GDP of $300, net tax revenue (NTR) is 120, and government spending (G) is 160 If G>…

Q: Hello, I would like help on this assignment. Thank you. Fiscal Policy Assume the Economy has an…

A: (1)In economics, the term inflationary gap is a kind of situation where there exists a positive…