Homework Answers
Due to presence of HOMEWORKLIB POLICY, I am answering one question.
18.
Ans:
| Budget Deficit | Public Debt |
| Difference between what the federal government spends (called outlays) and what it takes in (called revenue or receipts). | Result of the federal government borrowing money to cover years and years of budget deficits |
| Flow concept | Stock concept |
| Concerned for an year only. | Concerned for all time health of economy |
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for: 18., and 19.
16. When output deviates from potential GDP, automatic stabilizers work to push...
for: 16. 17. 18. 19. 16. When output deviates from potential GDP, automatic stabilizers work to...
for:
16.
17.
18.
19.
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers. 17. Crowding out effect: what does it mean? 18. Distinguish between public debt and budget deficit. 19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating...
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the...
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers. 17. Crowding out effect: what does it mean? 18. Distinguish between public debt and budget deficit. 19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the...
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers.
19. Mention which of the two output gap occurs in the following cases: recessionary gap or...
19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential
19. Mention which of the two output gap occurs in the following cases: recessionary gap or...
19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential
1. Suppose in a simple closed economy with MPC = 0.75, the planned investment spending nas...
1. Suppose in a simple closed economy with MPC = 0.75, the planned investment spending nas suddenly fallen, reducing AD and output to a level that below the natural level of output by 100 Million. Assume that the real interest rate is constant so that there is no crowding out of (gross) investment. (a) If the government decided to try to get the output back to the natural level of output using only a change in government spending (AG), by...
1. GDP is _____ 11 trillion/ 16 trillion/ 10 trillion / 14 trillion /12 trillion 2. currently...
1. GDP is _____ 11
trillion/ 16 trillion/ 10 trillion / 14 trillion /12
trillion
2. currently _____ recessionary gap / inflationary
gap
3. of ______ 4 trillion / 1 trillion / 5 trillion / 2
trillion / 3 trillion
4. the Fed will ____ increase / decrease
5. which will _____ increase/ decrease
6. incentive to ____ increase / decrease
7. shifting the ____ AD / SRAS / LRAS
8. curve to the ____ left / right
9. relatively high...
9.What is Say’s Law and what do classical economists say about prices, wages, and interest rates?...
9.What is Say’s Law and what do classical economists say about prices, wages, and interest rates? What are the three states of the economy in relating the real GDP to natural real GDP? In a recessionary gap, is there a surplus or a shortage of production? What does that imply about the labor market and how wages may change? Understand the differences between a recessionary gap, inflationary gap, and long run equilibrium. How is the physical production possibilities frontier (PPF)...
Please just help spent the semester in the hospital and apparently have to do an assignment.....
Please just help spent the semester in the hospital and
apparently have to do an assignment..
11. Government spending and taxation changes that cause fiscal policy to be expansionary when the economy contracts and contractionary when the economy expands are known as: A) discretionary fiscal policy. B) automatic stabilizers. autonomous spending policies. destabilizing fiscal policies. 12. 4) The government budget balance equals: taxes plus government purchases plus government transfers. taxes minus government purchases minus government transfers. taxes minus government purchases...
1. Expain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume is .75. How does this discretionary fiscal policy differ from a...
1. Expain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume is .75. How does this discretionary fiscal policy differ from a discretionary increase in government spending of $40 billion? 2.Explain what is meant by a built-in stabilizer and give two examples. 3.Differentiate between discretionary fiscal policy and nondiscretionary or built-in stabilization policy. 4.What does the “standardized budget” measure and of what significance is this concept? 5.What are...
for:
16.
17.
18.
19.
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers. 17. Crowding out effect: what does it mean? 18. Distinguish between public debt and budget deficit. 19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating...
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers. 17. Crowding out effect: what does it mean? 18. Distinguish between public debt and budget deficit. 19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers.
19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential
19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential
1. Suppose in a simple closed economy with MPC = 0.75, the planned investment spending nas suddenly fallen, reducing AD and output to a level that below the natural level of output by 100 Million. Assume that the real interest rate is constant so that there is no crowding out of (gross) investment. (a) If the government decided to try to get the output back to the natural level of output using only a change in government spending (AG), by...
1. GDP is _____ 11
trillion/ 16 trillion/ 10 trillion / 14 trillion /12
trillion
2. currently _____ recessionary gap / inflationary
gap
3. of ______ 4 trillion / 1 trillion / 5 trillion / 2
trillion / 3 trillion
4. the Fed will ____ increase / decrease
5. which will _____ increase/ decrease
6. incentive to ____ increase / decrease
7. shifting the ____ AD / SRAS / LRAS
8. curve to the ____ left / right
9. relatively high...
Please just help spent the semester in the hospital and
apparently have to do an assignment..
11. Government spending and taxation changes that cause fiscal policy to be expansionary when the economy contracts and contractionary when the economy expands are known as: A) discretionary fiscal policy. B) automatic stabilizers. autonomous spending policies. destabilizing fiscal policies. 12. 4) The government budget balance equals: taxes plus government purchases plus government transfers. taxes minus government purchases minus government transfers. taxes minus government purchases...
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