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- The federal government has usually run abudget deficit since 1969, except for during part of theadministration of which president?a. Richard Nixonb. Jimmy Carterc. Ronald Reagand. Bill Clintone. George W. BushWhich of the following is an instrument of monetary policy? The interest rate on three-month Treasury bills The mortgage interest rate The budget deficit The discount rateAs a member of the FOMC, the U.S. economy is entering a recession with a high rate of inflation. Write a directive to the committee about the conduct of monetary policy over the next two months. At the meeting, the committee will respond to changes in economic prospects as needed to support the attainment of its objectives. Your directive may address a target for the GDP growth rate, the federal funds rate, and the rate of inflation. Be sure to make specific proposals. Indicate why your recommendations will work.
- Your state legislature is considering a balanced budget amendment. One proposed approach defines balanced budgets as ones in which estimated revenues for the year equal that year’s appropriations. A second defines balanced budgets as ones in which expected resources available at the beginning of a fiscal year (beginning fund balance plus estimated revenues) equal that year’s appropriations. A third defines balanced budgets similarly to the second but would require that the beginning fund balance be maintained at a particular level (e.g. 5% of revenues) except is specifically defined circumstances, such as a recession that lasts more than 18 months. Which approach would you prefer and why?For the March 2020 (2) Press Release, answer the following question.A. For Column 8, complete the range of the Federal Funds Target AND the % change from the previous release.B. For Column 9, decide whether the Fed is buying or selling loans and whether they have increased or decreasedthe amount.1. In order to reduce its current-account deficit, the United States would NOT do which of the following? a . raise national product relative to national spending b. decrease savings relative to domestic investment c . increase savings relative to domestic investment d . reduce the federal budget deficit
- 1. How is the annual national budget prepared? 2.Who are the persons/ agency involved in budget preparation?The government has to go into debt to meet the needs of the budget deficit or shortfall. Identify whether this statement is true or false. Select one:TrueFalseFrom the following, please identify the 2 statements that are true as well as the 2 statements that are false. A) The most common approach to translate budgets and compare a budget with actual performance uses the forecast rate. B) A major force leading to the convergence of accounting standards is the global separation of capital markets. C) For U.S. companies, foreign-currency-denominated receivables and payables give rise to exchange gains and losses only when the dollar weakens against the foreign currency D) According to the translation process in the United States, companies recast their financial statements consistent with U.S. GAAP, and then translate them into U.S. dollars
- Q9) Monetary policy is ✅a)the management of the money supply and interest rates. b) involves decisions about government spending and taxation. c)the excess of expenditures over revenues for a particular year d) is the excess of revenues over expenditures for a particular yearExplain in long detail of components national revenue and expenditure on the malaysian budget.. explaination with examplesSuppose that an estimate of U.S. federal spending showed that 46% was for entitlements, 18% was for defense, 15% was for grants to states and localities, 14% was for interest on debt, 6% was for other federal operations, and 1% was for deposit insurance. Construct a pie chart to show this information.