primary differences between fiscal policy and monetary policy. For each, use an example from the

Q: 3.3 Identify each of the following as (i) part of an expansionary fiscal policy, (ii) part of a…

A: Fiscal policy includes taxation and government spending. Expansionary fiscal policy-reducing taxes…

Q: Who sets fiscal policy?   a. the U.S. Treasury and the U.S. Congress   b. Congress and the…

A: The fiscal policy is the way by which a government adjusts its spending levels and tax rates to…

Q: When the economy is going through recessionary gap, which of the below policy is more likely to be…

A: Aggregate Demand curve (AD) is the downward sloping curve which shows an inverse relationship…

Q: fiscal policy

A: The fiscal policy (FP) is a tool in hand of government to regulate and control the economic…

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: Suppose that the economy is slumping into recession and needs a fiscal-policy boost. Voters,…

A: Fiscal Policy deals with government spending and changes in tax rates where as monetary policy…

Q: Suppose the economy goes into a recession, and there are no changes the Federal Government’s tax…

A: A recession is a period of economic slowdown. Recession is characterized by a decrease in…

Q: Briefly discuss the effects of time lags in relation to fiscal policy, including: a comparison to…

A: ‘Fiscal policy’ refers to the use of ‘government revenue collection’ & expenditure to influence…

Q: What is the role of the Council Economic Advisers (CEA) as it relates to the effectiveness of the…

A: The Council Economic Advisor or CEA created as in the Employment act of 1946, assists and advice the…

Q: Comment on either (a) the type of fiscal policy or monetary policy that is currently being…

A: Answer(a) The current fiscal and monetary policy can be in such a way that various considerations…

Q: What is expansionary fiscal policy? What is contractionary fiscal policy? Does expansionary fiscal…

A: In Keynesian macroeconomic theory, aggregate demand plays a very major role in stabilizing the…

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: What are the three fiscal policy tools and how would each be used to counter a contractionary gap?

A: Fiscal policy tools are the revenue and expenditure tools of the government undertaken to accomplish…

Q: Governments may achieve certain economic goals; say controlling inflation or boosting economic…

A: Answer: All the economic goals such as controlling inflation, boosting growth, increasing…

Q: What is meant by revenue deficit and what does it indicate

A: There are three main deficit of any government which are:- (1) Revenue deficit (2) Fiscal deficit…

Q: Why the aggregate supply (AS) curve is relatively flat within the low ranges of aggregate output and…

A: Aggregate supply refers to the total value of goods and services available for purchase at a…

Q: Cite the five major demand-side components of GDP. Then, identify the major elements affected by…

A: Gross domestic product of a country is the market value of all final commodities and services that…

Q: Imagine Sri Lanka is trying to reduce inflation using a contractionary fiscal policy. Discuss the…

A: The government uses fiscal policy to stabilize the economy when it is overheated or output growth is…

Q: Which is considered expansionary fiscal policy? a)a tax increase for wealthy individuals b)an…

A: Fiscal Policy is  the use of tax policy and the government expenditure that can influence the…

Q: If the government announces that it has increased the corporate tax rate from 25% to 35% and the…

A: Taxation is an instrument of the fiscal policy.

Q: Revenue deficit can be managed through borrowing or disinvestment but fiscal deficit can be managed…

A: When the government expenditure exceeds the receipts during a fiscal year it is termed as revenue…

Q: when can we say that fiscal policy succeeded and where/ when can we say that fiscal policy has…

A: Fiscal policy refers to the actions used by governments to stabilize the economy, particularly…

Q: compare monetary and fiscal policy in classical and keynesian model. Be precise

A: Fiscal policy affects aggregate demand through changes in government spending and tax assessment.…

Q: Calculate interest payments if fiscal deficit is $77 million and primary deficit is $50 million

A: The information being given to us is as follows:- Fiscal deficit = $77 million Primary deficit = $50…

Q: Explain the difference between fiscal policy and monetary policy. Explain also 2 advantages and 2…

A: Macroeconomics is a branch of economics which studies the economy as a whole while considering…

Q: In order to boost the economy, the government should implement expansionary fiscal policy by…

A: Fiscal policy is the tool used by government to achieve the objectives of economy such as economic…

Q: What is classes as an expansionary fiscal policy?

A: Fiscal policy is the government-imposed policy used to change economic conditions like demand,…

Q: Which of the following might increase the government budget deficit?     contractionary fiscal…

A: Government can have balanced budget, budget deficit or budget surplus. Government imposes tax to…

Q: Explain the monetary policy and fiscal policy and the differences between them. Comment on the…

A: The monetary and fiscal policies are discretionary policies used by the authorities in a country to…

Q: if the government budget deficit equals $240 billion and the money supply increases by $100 billion,…

A: The budget deficit is an excess of government spending over its revenue. To meet the deficit, the…

Q: 1.The fact that it takes time for government officials to recognize an economic problem in is one…

A:

Q: How can fiscal policy eliminate GDP gap

A: Fiscal policy refers to how the government uses spending and tax policies to influence economic…

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: Fiscal policy involves increases or decreases in Multiple Choice O interest rates. the money supply.…

A: Fiscal policy basically refers to the use of government spending and taxation to influence the…

Q: What kind of fiscal policy will you use to fight against inflation. Explain it briefly.

A: Fiscal policy refers to changes in the federal government purchases and taxes, which are intended to…

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

A: a) When the aggregate output lies in the low range, it implies that the economy has a large amount…

Q: onary Fiscal Policies while others are in favor of Expansionary Monetary Policies. Prepare a…

A: Monetary policy involves changing of the interest rate and influencing the supply of money.Fiscal…