Homework Answers
A discretionary fiscal policy in the market requires action by Parliament, the answer is "C", it involves increase in the government purchases and taxes, and can be used in both recession and expansion.
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Discretionary fiscal policy A involves only a change in personal income tax rates. B. is triggered...
1. Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that: A. the former deals with...
1. Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that: A. the former deals with interest rates, and the latter deals with tax policy. B. the former is built into the system, whereas the latter requires timely decisions. C. the former requires timely decisions, whereas the latter is built into the system. D. the former deals with tax policy, and the latter deals with interest rates 2. An example of discretionary fiscal policy would be: A. the operation of...
15. What kind of fiscal policy are the followings? Distinguish in terms of discretionary' and automatic...
15. What kind of fiscal policy are the followings? Distinguish in terms of discretionary' and automatic fiscal policy. a. Claims for welfare payments rise b. Economy heads to recession and more people fall into lower income tax bracket c. Congress passes a spending bill to tackle recession.
Fiscal policy is the governments tax and spend policy. It is called discretionary fiscal policy because...
Fiscal policy is the governments tax and spend policy. It is called discretionary fiscal policy because it is at the discretion of Congress. All money bills originate in the House of Representatives. The basis of fiscal policy is the GDP (Gross Domestic Product) model which is also known as the aggregate expenditures model----GDP=C+Ig+Xn+G. This is supposed to measure the dollar amount of all goods and services produced in this country in one year. The C is consumer spending---that's you and me...
Econ HW, please help! UTION # FISCAL POLICY NAME the mix of government spending and taxing...
Econ HW, please help!
UTION # FISCAL POLICY NAME the mix of government spending and taxing in order to balance the Fiscal policy is best defined as: uncontrolled government spending, altering the mix of govern budget every fiscal year. changes in govern macroeconomic goals. vernment spending and taxing for the purpose of achieving certain minimizing government expenditures over the fiscal year. , while reases in government spending and lower taxes represent decreases in government spending and higher taxe contractionary fiscal...
Q1) Q2) Q3) Q4) Q5) What is the distinction between automatic and discretionary fiscal policy? Choose...
Q1)
Q2)
Q3)
Q4)
Q5)
What is the distinction between automatic and discretionary fiscal policy? Choose the correct statements. a. A fiscal policy action initiated by an act of Parliament is called discretionary fiscal policy. b. All fiscal stimulus is discretionary. c. The fiscal stimulus act passed by the U.S. government in 2008 is an example of automatic fiscal policy. d. Fiscal stimulus is the use of fiscal policy to increase production and employment. O A. Statements a and c...
1.The maintenance of general economic stability relies most heavily on: A. Federal fiscal policy B. Coordinated...
1.The maintenance of general economic stability relies most heavily on: A. Federal fiscal policy B. Coordinated state and local fiscal policies C. Tax and revenue policies of state governments D. Federal aid to the states 2.If we passed a constitutional amendment requiring a balanced budget every year, this would probably A. prevent recessions. B. make our recessions into depressions. C. create inflations. D. raise interest rates. 3.If the President says he will request higher taxes if price increases accelerate, the...
3. The mistiming problem with discretionary fiscal policy results from: A. a delay in recognizing a...
3. The mistiming problem with discretionary fiscal policy results from: A. a delay in recognizing a recession. B. a delay in agreeing on a solution to a recession C. a delay in getting a particular plan implemented with the money getting into peoples' hands. D. all of the options are correct. 4. An example of nondiscretionary fiscal policy would be: A. the existence of the progressive federal income tax. B. a federal jobs program adopted to stimulate consumption. C. a...
Q1. What are the “automatic” and “discretionary” aspects of fiscal policy and how do they fit...
Q1. What are the “automatic” and “discretionary” aspects of fiscal policy and how do they fit Keynesian fiscal policy to stimulate the economy in a recession, in terms of Government spending, taxation and budget deficits in a Demand driven economy. Q2. Use the consumption function model to explain the impact of government spending using the concepts of the Paradox of Thrift, the Multiplier effect and the role of Expectations (Consumer Confidence.) Q3. Explain two arguments against Keynesian fiscal policy, one...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and f...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
Use the following to answer questions 6-7: Figure: Determining Fiscal Policy LRAS SRAS AD Aggregate Price Level (P) Agg...
Use the following to answer questions 6-7: Figure: Determining Fiscal Policy LRAS SRAS AD Aggregate Price Level (P) Aggregate Output (Q) 6. (Figure: Determining Fiscal Policy) Expansionary fiscal policies could: A) move the economy to full employment. B) move the economy away from full employment. C) lead to a lower price level. D) lead to a lower price level and lower unemployment. 7. (Figure: Determining Fiscal Policy) The best discretionary fiscal policy option is: A) expansionary fiscal policy that leads...
1. Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that: A. the former deals with interest rates, and the latter deals with tax policy. B. the former is built into the system, whereas the latter requires timely decisions. C. the former requires timely decisions, whereas the latter is built into the system. D. the former deals with tax policy, and the latter deals with interest rates 2. An example of discretionary fiscal policy would be: A. the operation of...
15. What kind of fiscal policy are the followings? Distinguish in terms of discretionary' and automatic fiscal policy. a. Claims for welfare payments rise b. Economy heads to recession and more people fall into lower income tax bracket c. Congress passes a spending bill to tackle recession.
Econ HW, please help!
UTION # FISCAL POLICY NAME the mix of government spending and taxing in order to balance the Fiscal policy is best defined as: uncontrolled government spending, altering the mix of govern budget every fiscal year. changes in govern macroeconomic goals. vernment spending and taxing for the purpose of achieving certain minimizing government expenditures over the fiscal year. , while reases in government spending and lower taxes represent decreases in government spending and higher taxe contractionary fiscal...
Q1)
Q2)
Q3)
Q4)
Q5)
What is the distinction between automatic and discretionary fiscal policy? Choose the correct statements. a. A fiscal policy action initiated by an act of Parliament is called discretionary fiscal policy. b. All fiscal stimulus is discretionary. c. The fiscal stimulus act passed by the U.S. government in 2008 is an example of automatic fiscal policy. d. Fiscal stimulus is the use of fiscal policy to increase production and employment. O A. Statements a and c...
3. The mistiming problem with discretionary fiscal policy results from: A. a delay in recognizing a recession. B. a delay in agreeing on a solution to a recession C. a delay in getting a particular plan implemented with the money getting into peoples' hands. D. all of the options are correct. 4. An example of nondiscretionary fiscal policy would be: A. the existence of the progressive federal income tax. B. a federal jobs program adopted to stimulate consumption. C. a...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
Use the following to answer questions 6-7: Figure: Determining Fiscal Policy LRAS SRAS AD Aggregate Price Level (P) Aggregate Output (Q) 6. (Figure: Determining Fiscal Policy) Expansionary fiscal policies could: A) move the economy to full employment. B) move the economy away from full employment. C) lead to a lower price level. D) lead to a lower price level and lower unemployment. 7. (Figure: Determining Fiscal Policy) The best discretionary fiscal policy option is: A) expansionary fiscal policy that leads...
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