Week Six Discussion Questions Provide 2 substantive postings to each of the 3 Discussion Question's: 2. How does the multiplier effect fiscal policy?
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- What would happen if contractionary fiscal policy were implemented during an economic boom but, due to Lag, it did not take effect until the economy slipped into recession?Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending by the University of Illinois is not fiscal policy? Why is a cut in the payroll tax fiscal policy whereas a cut in a state income tax is not fiscal policy?What is the main reason for employing expansionary fiscal policy during a recession?
- What would happen if expansionary fiscal policy was implemented in a recession but, due to lag, did not actually take effect until after the economy was back to potential GDP?What is the main reason for employing contractionary fiscal policy in a time of strong economic growth?Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?
- 1. What is the role of the Council Economic Advisers (CEA) as it relates to the effectiveness of the recent U.S. fiscal policy? 2. What are problems that governments may encounter in enacting and applying fiscal policy? Explain the effectiveness of the recent U.S. fiscal policy.Question: What is the role of the fiscal multiplier in economic stimulus packages, and how does it contribute to economic recovery during a recession?A) The fiscal multiplier has no impact on economic stimulus packages.B) The fiscal multiplier measures the impact of government spending on the economy; a multiplier greater than 1 indicates that government spending can stimulate economic activity.C) The fiscal multiplier is the amount of money saved by the government through efficient spending.D) The fiscal multiplier is a measure of government debt resulting from stimulus spending.Week Six Discussion Questions Provide 2 substantive postings to each of the 3 Discussion Question's: 1. Define the unique characteristics of the GDP gap. Week Six Discussion Questions Provide 2 substantive postings to each of the 3 Discussion Question's: 2. How does the multiplier effect fiscal policy? Week Six Discussion Questions Provide 2 substantive postings to each of the 3 Discussion Question's: 3. Explain the tools of government spending and tax policy as they relate to fiscal policy.
- CIENCES QUESTION 1 Study the bar chart regarding the National Budget's tax revenue and answer the questions that follow: WHERE WILL THE MONEY COME FROM IN 2021/22 AND HOW WILL IT BE SPEND GOVERNMENT SOURCES OF REVENUE 2021/22 Tax R1 365.1milj 72.6% Loans R 482.6milj 25.7% Non-tax income R 32.5milj 1.7% 1 Which revenue contributes the most to the National Budget? Give the percentage. Which revenue contributes the least to the National Budget? Give the percentage. Give ONE example of a income that is not tax. TAX REVENUE, 2 021/22 Personal inseme tax19. What is Fiscal Policy? Discuss types of Fiscal policies?Give a brief definition of fiscal policy? What are its economic goals? Fiscal policy is the use of the federal budget to achieve f _____ e___________, c________ i___________, and stimulate e__________ g________. The changes to the federal budget can be made through increases or decreases in g______________ s_________ (G) or through increases or decreases in t______ rates (T).
