Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 31, Problem 9RQ
Under what conditions will a larger budget deficit cause a
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Under what conditions will a larger budget deficit cause a trade deficit?
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Chapter 31 Solutions
Principles of Economics 2e
Ch. 31 - In a country, private savings equals 600, the...Ch. 31 - Assume an economy has a budget surplus of 1,000,...Ch. 31 - In the late 1990s, the U.S. government moved from...Ch. 31 - Imagine an economy in which Ricardian equivalence...Ch. 31 - Why have many education experts recently placed an...Ch. 31 - What are some steps the government can take to...Ch. 31 - Based on the national saving and investment...Ch. 31 - How would you expect larger budget deficits to...Ch. 31 - Under what conditions will a larger budget deficit...Ch. 31 - What is the theory of Ricardian equivalence?
Ch. 31 - What does the concept of rationality have to do...Ch. 31 - What are some of the ways fiscal policy might...Ch. 31 - What are some fiscal policies for improving a...Ch. 31 - What are some fiscal policies for improving the...Ch. 31 - Explain how cuts in funding for programs such as...Ch. 31 - Assume there is no discretionary increase in...Ch. 31 - Explain how decreased domestic investments that...Ch. 31 - The U.S. government has shut down a number of...Ch. 31 - Explain how a shift from a government budget...Ch. 31 - Describe how a plan for reducing the government...Ch. 31 - Explain whether or not you agree with the premise...Ch. 31 - Explain why the government might prefer to provide...Ch. 31 - Under what condition would crowding out not...Ch. 31 - What must take place for the government to run...Ch. 31 - Sketch a diagram of how a budget deficit causes a...Ch. 31 - Sketch a diagram of how sustained budget deficits...Ch. 31 - Assume that the newly independent government of...Ch. 31 - Illustrate the concept of Ricardian equivalence...Ch. 31 - During the most recent recession, some economists...
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- If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?arrow_forwardWhat is a foreign trade deficit or surplus? How does this affectinterest rates?arrow_forwardIn an economy open to trade, must a government budget deficit always be accompanied by an external sector deficit? Why or why not? Could a government budget deficit lead to a government budget surplus?arrow_forward
- The balance of trade shows a deficit of $200 million. With the value of exports being $300 million, what should be the value of imports?arrow_forwardIs trade deficit always a problem? Support your answer with proper reasoning.arrow_forwardwhat combination of fiscal and monetary policies do you think it will take for The United States to fix the debt deficitarrow_forward
- Both the United States and global economies are booming. Will U.S. imports and/or exports increase?arrow_forwardIf there is no trade deficit, budget deficit =$500, what is the difference between savings and planned investment in equilibrium?arrow_forwardWhat is a trade deficit, and why does it hurt us to consistently run a deficit with another country?arrow_forward
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