)Which of the following are many managers concerned about as a result of increased government participation in the economy? Explains it correctly not copy paste Question 20 options: a)an overheated economy b)a growing budget deficit C)an enormous budget surplus d)corrupt government officials taking bribes
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- Please match each description with the appropriate approach to federal finance. Policymakers should reduce spending and increase taxes when the economy is growingin order to prevent "overheating". This approach was considered conventional wisdom until the advent of theGreat Depression. Policymakers should focus on keeping unemployment low and providing the peoplewith the public goods and services they want. If insisted upon, this approach would only worsen the economy during a recession. This approach ignores the impact of the budget on the business cycle.A government is evaluating the effectiveness of a new tax policy. Economists collect data on tax rates, government revenue, and economic growth before and after the policy implementation. They use econometric methods to assess the policy's impact on economic indicators. This application of econometrics primarily serves to:A) Estimate policy impactB) Create new tax lawsC) Design government websitesD) Recruit government staff Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurateAssume an economy in which:(i) there are no exports and no imports,(ii) investors always want to spend $200 billion, or I = 200,(iii) government spends $500 billion and tax revenue is $200 billion,(iv) consumption is a linear function of disposable income, C=100+0.8Yd Assume that the government eliminates taxes while keeping governmentspending the same. (Thus T = 0 and G = 500.) The economy’s consumption function andinvestment remain unchanged. What is the new equilibrium level of national income?
- Is is possible for federal investment to have a negative rate of return? Yes, if the spending results in a strong crowding-out effect or if state and local governments substitute towards federal investment by reducing stateand local investment. Either would potentially reduce future productivity and output (GDP), resulting in a negative return. Yes, if the spending results in a weak crowding-out effect or if state and local investments complement the increase in federal investment by. Either would potentially reduce future productivity and output (GDP) and hence result in a negative return. No. At worst, federal investment can have no future return as the expenditure offered some form of service (ex. jobs training) or useful infrastructure (ex. highways). No. If in the future there were a negative return, the federal government would increase expenditures again to offset it.Identify the negative macroeconomic outcomes that a government risks when it continues a sustained pattern of large budget deficits over timea) Why can't the government run a budget deficit in a one- period macroeconomic model? b) Why are government transfer payments not included in (expenditure-based) GDP?
- K Because in the government budget deficit increase the real interest rate, budget deficits can O A. decreases; increase OB. increases; increase OC. decreases; decrease O D. increases; decrease firm investment. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.Real government purchases may fall when the price level rises if which of the following is true? Group of answer choices A. Some parts of the government budget are fixed in nominal terms. B. All parts of the government budget are fixed in real terms. C. Governments always buy the same quantity of goods and services regardless of how much they cost. D. Governments prefer more expensive goods to less expensive goods because they create more jobs. Quantitative easing involves which of the following? Group of answer choices A. The use of open-market operations to increase the quantity of reserves held by the commercial banks B. The use of open-market operations to increase the quantity of reserves held by the Fed C. The reduction of reserves held by the commercial banks D. The reduction of the discount rate in order to stimulate lending by commercial banksA. Expansionary fiscal policy encourages the increase in tax rates. B. Economic growth means economic development What is the right answer A. First statement is true second is false B. First statement is false second is trueC. Both statements are trueD. Both statements are false
- Real Business Cycle Model The government of “Defitonia” only relies on lump-sum taxes to finance its expenditures, and is evaluating a fiscal consolidation plan to bring down its fiscal deficit. Two alternatives are being assessed: increasing current taxes, or cutting current government expenditures. In this problem, you will analyse both alternatives through the lens of the Real Business Cycle (RBC) model studied in class. (a) Suppose that the government of Defitonia increases current taxes, but does not change its level of spending in either period. What are the effects of the tax change on the real wage, employment, the real interest rate, and output? Explain by using the equilibrium diagrams for the current labour market and for the current goods market in the RBC model. (b) Now suppose that the government of Defitonia cuts current government spending. What are the effects of the tax change on the real wage, employment, the real interest rate, and output? Explain by using the…True/False 1) Unemploymen benefits are an example of fiscal policy.2) According to Ricardian Equivalence in a strict sense, the tax multiplier is zero.3) When looking at the GDP data from quarter 3 of 2012, government purchases accounted for a larger share of the economy than investment expenditures did.4) According to one of the lectures featuring a pie chart on federal government expenditures, transfer payments went from about 25% of total expenditures in the 1960s to over 46% of total expenditures in 2010.5) As of 2010, interest payments on the federal debt exceeded 10% of totalexpenditures.6) We argued that the tax revenue that the federal government collects ispro-cyclical, that is, when economic activity is growing so is taxrevenue. An example of this is the new economy when tax revenue increased along with the economic growth.7) If aggregate expenditures exceed aggregate income then inventories will rise and firms will eventually lay off workers.8) We argued that cutting the…If the government were to try to offset surplus years with deficit years over the business cycle, this would result in O A. a reduction in investment capital. O B. a higher debt-to-GDP ratio. OC. an annually balanced budget. O D. a structurally balanced budget. O E. a cyclically balanced budget.