What are some of the arguments for and against a requirement that the federal government budget be balanced every year?

Q: What are the president's budget request responsibilities?

A: President's budget request: The budget process in the U.S begins when the President submits a budget…

Q: What is the relationship between a budget deficit and the national debt? A budget deficit adds to…

A: A budget deficit is the excess of government spending over government taxes.  i.e., Budget deficit =…

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

A: The budget deficit would result in the increase of the government expenditures over the revenues.…

Q: State any two objectives of fiscal policy?

A: According to the given question Gradually we can say that fiscal policy always leads to the…

Q: Which of these fiscal options do you think might be favored by a person who wants to preserve the…

A: Contractionary fiscal policy means an increase in taxes or an increase in government expenditure. It…

Q: What are the budget revenues for a government to finance government spending?

A: Budget revenues are detailed information of revenues  receipts and expenditures of the government.…

Q: Why is crowding out an important issue in the debate over the use of fiscal policy?

A: Crowding out effect is an economic situation where interest rates are increased. This ends up  in…

Q: Give a brief definition of fiscal policy?  What are its economic goals?    Fiscal policy is the use…

A: Answer: Definition of fiscal policy: Fiscal policy is a policy of government wherein the government…

Q: how to reduce the debt gdp ratio for macro

A: The debt-to-GDP proportion is the measurement contrasting a country's public debt with its (GDP).

Q: What would happen if contractionary fiscal policy were implemented during an economic boom but,due…

A: The fiscal policy is a policy of the government which includes instruments namely taxes, government…

Q: What is the meaning and definitions of fiscal policy?

A: Fiscal policy is implemented by the government of a country. Money supply refers to the total volume…

Q: Why Krugman believe that fiscal austerity in france or more generally in Europe would fail?

A: Fiscal austerity is used to define the steps or the direction taken by government which leads to…

Q: What might be the consequences If congress were to cut individual income tax rates in half ?

A: Tax cut proponents argue that lowering taxes boosts spending, which helps the economy. Those who…

Q: The table shows the tax revenues and the outlays of a nation at each level of real GDP. What is…

A: Tax revenue is the earnings that authorities receive from taxes. The main element of state earnings…

Q: Should the Federal budget always be balanced? Explain

A: Federal budget consists of revenue and expenditure by the federal government.

Q: How does the Expansionary and Contractionary Fiscal Policy affect the Inflation, GDP, Economic…

A: The government uses fiscal policy to increase or decrease the aggregate output. It can increase or…

Q: when is the most appropriate time economically speaking for the federal budget be in a deficit?

A: A budget deficit is a situation when government spending exceeds the government's total income. A…

Q: What must be true about the level of government expenditures and tax revenues for the federal…

A: Government expenditure is the amount spent by the government in order to provide goods and services…

Q: What are the two things Congress could manipulate to enact Discretionary Fiscal Policy?

A: Congress is the legislative branch of Federal Government.  Fiscal Policy refers to change in…

Q: Our federal government establishes a budget that determines what programs and services can be…

A: Answer- Need to find- Our federal government establishes a budget that determines what programs and…

Q: The two largest areas of federal spending which impact the U.S. budget are

A: In total federal spending, social security contributes to highest with 33 % and then medicare and…

Q: Explain the objectives of  the fiscal policy.

A: In an economy, fiscal policy refers to the government action and it's intervention in the market by…

Q: Who is in charge of fiscal policies, and how do their different multipliers work?

A: The fiscal policy is the use of the government budget to affect an economy. when the government…

Q: How will cuts in state budget spending affect federal expansionary policy?

A: Expansionary fiscal policy refers to an increase in the federal government purchases and or a…

Q: What would the government budget balance be equal to? $ trillion.

A: GDP is the sum of consumption, investment and government spending. When government spending exceeds…

Q: An example of a expansionary fiscal policy is ___? need only one example fast

A: Accordingly the expansionary fiscal policy is merely known as a decrease in the tax revenue and the…

Q: What do you understand by the term Fiscal Policy?

A: Fiscal policy is a way through which the US government adjusts its Expenses and tax rate depend on…

Q: Question: What Must Be True About The Level Of Government Expenditures And Tax Revenue... What must…

A: Government budget: - The government budget is the description of the government's expected revenue…

Q: Discuss how governments can use fiscal policy to address TWO costs of unemployment.

A: Answer: The TWO costs of unemployment are given below: (1). Loss of output or goods and services:…

Q: What is the difference between a budget deficit, a balanced budget, and a budget surplus?

A: The government budget refers to the financial statement that is prepared by the government that…

Q: Why might economists be quite concerned if the annual interest payments on the debt sharply…

A: The standard measure of value-added produced during a certain time by manufacturing goods and…

Q: If a government runs a budget deficit of $10billion dollars each year for ten years, then a surplus…

A: The deficit accumulated after 10 years of budget deficit will be: budget deficit=10×10=$100 billion…

Q: How would you explain Discretionary fiscal policy:

A: Fiscal Policy- It is the policy adopted by the government to bring economic stability by the help of…

Q: Why is getting the magnitude, or dollar size, of the policy change just right the most difficult…

A: Discretionary fiscal policy is a government policy used for raising the aggregate demand/ spending…

Q: What is the difference between the national debt and the deficit?

A: Debt and deficit are two of the most well-known terms in all of large scale money, and they're…

Q: What is fiscal policy, who makes it, and what is it designed to influence?

A: Fiscal policy is the policy designed to help economy stabilise. It is usually made by the central…