Some government regulations imposed on business have the impact of reducing productivity. The elimination of these regulations would be an example of A) competition policy. B) fiscal policy. C) monetary policy. D) supply-side policy
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43) Some government regulations imposed on business have the impact of reducing productivity.
The elimination of these regulations would be an example of
- A) competition policy. B) fiscal policy.
- C)
monetary policy. D) supply-side policy
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- 62)Which of the following is classified as Fiscal Policy? Select one: a. Changes in taxes and purchases of all levels of government (i.e., federal, state and local taxes. that are intended to achieve macroeconomic policy objectives. b. Changes in taxes and purchases of only the federal government that are intended to achieve macroeconomic policy objectives. c. Changes in taxes and purchases of only the state and local governments that are intended to achieve macroeconomic policy objectives. d. Changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives.Question 12 Suppose that you are the Head of a Government in a country and your main aim, after a 4-years term in office, is that the potential growth of your country is higher. What kind of policy are you most likely to promote? Structural reforms Expansionary monetary policy Increase public spending Expansionary fiscal policyCan you please answer question 43, please? No explanation needed 43. Some government regulations imposed on business have the impact of reducing productivity. The elimination of these regulations would be an example of A) competition policy. B) fiscal policy. C) monetary policy. D) supply-side policy
- True/False A government in economy usually work for the welfare of the people.True or False: Federal spending has grown substantially in recent decades. By world standards, the U.S. government controls a relatively large share of the U.S. economy. A majority of the federal governments revenue Is collected through personal income taxes. Education spending is slightly larger at the federal level than at the state and local level. State and local government spending has not risen much in recent decades. Defense spending is higher now than ever. The share of the economy going to federal taxes has increased substantially over time. Foreign aid is a large portion, although less than half, of federal spending. Federal deficits have been very large for the last two decades. The accumulated federal debt as a share of GDP is near an all-time high.2) As an economist, identify and justify economic and fiscal policy measures that should be taken by the government of Oman to combat inflation and employment with the aim of reviving the economic condition of the country based on the following: a) Expansionary fiscal policy b) Contractionary fiscal policy c) Expansionary monetary policy d) Contractionary monetary policy
- 23)Which of the following is classified as Fiscal Policy? Select one: a. The federal government passes tax cuts to encourage firms to reduce air pollution. b. College students are allowed to deduct tuition costs from their federal income taxes to encourage them to finish their college education. c. The state of Nevada builds a new tollway in an attempt to expand employment in their state d. President Obama enacted the “cash for clunkers” program in the 2008 Recession to increase spending in the economy44)Which of the following statements is most accurate regarding fiscal policy and monetary policy? Select one: a. Monetary policy can be changed more quickly than fiscal policy. Fiscal policy can be changed at any of the FOMC meetings and the smaller number of individuals involved makes it easier to change fiscal policy. b. Fiscal policy can be changed more quickly than monetary policy. Fiscal policy has much shorter delays due to the smaller number of legislators involved. c. Monetary policy can be changed more quickly than fiscal policy. Monetary policy can be changed at any of the FOMC meetings and the smaller number of individuals involved makes it easier to change monetary policy. d. Fiscal policy can be changed more quickly than monetary policy. Monetary policy has much longer delays due to the larger number of legislators involved.True or False: a. Federal spending has grown substantially in recent decades. b. By world standards, the U.S. government controls a relatively large share of the U.S. economy. c. A majority of the federal government’s revenue is collected through personal income taxes. d. Education spending is slightly larger at the federal level than at the state and local level. e. State and local government spending has not risen much in recent decades. f. Defense spending is higher now than ever. g. The share of the economy going to federal taxes has increased substantially over time. h. Foreign aid is a large portion, although less than half, of federal spending. i. Federal deficits have been very large for the last two decades. j. The accumulated federal debt as a share of GDP is near an all-time high.
- The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now stock market prices begin significant increases, causing peoples’ investments, such as their retirement accounts and other investments, to increase in value. People feel very good about the future and use their new-found wealth to buy things that they had been hesitant to purchase in the past. Include detailed answers to the following questions: 1. What would be the likely impact on the government budget and national debt of the use of these fiscal policy tools (taxes, government expenditure, transfer payments, and interest rates)? 2. How would the use of these fiscal policy tools stabilize the economy?LARGE QUESTION In the simplest version of the circular-flow model , (governments, other countries ,households ,firms) demand factors of production and (governments ,other countries, households ,firms) supply factors of production. A market that is operating efficiently maximizes total surplus. maximizes consumer surplus. maximizes profit. maximizes producer surplus. Deadweight loss occurs because some consumers are willing to pay more than some producers are willing to accept, but they do not exchange. the government has decided to prioritize efficiency over equality. consumer surplus is higher than producer surplus. producer surplus is higher than consumer surplus. Under autarky, producing goods at a price below the market equilibrium price is efficient because consumer surplus is maximized. inefficient because there are consumers willing to pay more than the cost of…True or False 1.Budgeting for the government is far more complicated, the federal government has hundreds of revenues raising tools and thousands of programs on which to spend this revenue * 2.The government’s deficit, in contrast, is the amount by which its spending has exceeded its revenues in any given year * 3.Entitlement spending refers to funds for programs for which funding levels are automatically set by the rules set by Congress and by the number of eligible recipients * 4.The most important federal entitlement programs are Social Security, which provides income support to the elderly, and Medicare, through entitlement programs * 5.A law forcing a given government to balance its budget each year (spending = revenue) balance budget requirement *