Homework Answers
Option C is correct
Budget Defecit is the difference between government spending and
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12. The budget deficit for the US Government is: a. the sum of all negative surpluses...
Macroecomics multiple choice a) Other things constant, if the government cuts the net tax rate, lowering NT from NT = t...
Macroecomics multiple
choice
a) Other things constant, if the government cuts the net tax rate, lowering NT from NT = tọY to NT = t,Y we would expect: an upward shift of the aggregate expenditure curve an increase in the slope the aggregate expenditure curve. a movement down and along the aggregate expenditure curve. O a decrease in the slope of the aggregate expenditure curve b) In an open economy with imports described by the import function: IM 0.25Y and...
16) Which of the following is not a way to reduce the government's budget deficit A)...
16) Which of the following is not a way to reduce the government's budget deficit A) selling government assets. B) issuing government bonds. C) raising taxes. D) reducing government spending.
Gross public debt is O A. all federal government debt irrespective of who owns it. O...
Gross public debt is O A. all federal government debt irrespective of who owns it. O B. the total value of budget deficits plus budget surpluses over the past five years. O C. an excess of government spending over government revenues during a given time period. O D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. Click to select your answer.
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit reached 4% of GDP last year. b. The federal government spends too much. c. The federal government's spending is greater than its revenue to the treasury d. the federal government has increased its spending by 5% last year.
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
27. A budget deficit is best defined as the a. shortage of spending power created by...
27. A budget deficit is best defined as the a. shortage of spending power created by a government spending cut. b. shortage of spending power created by a tax increase. c. accumulation of past debt that has not been covered by taxes. d. amount by which a government's expenditures exceed receipts during a specific time period.
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to...
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to the right. tne long-run aggregate supply curve shifts to the left. C) the 20) When aggregate demand curve shifts to the left. the short-run aggregate supply curve shifts to the left. t spending without an accompanying increase 21) An increase in govenment spending n taxes demand A) does not increase aggregate B) would effectively eliminate an inflationary gap. Q mquires additional govemment borrowing spending...
Which of the following is correct regarding the role of government in the aggregate expenditure model?...
Which of the following is correct regarding the role of government in the aggregate expenditure model? A. Net tax revenues enter the AE function indirectly through its effect on disposable income.Net tax revenues enter the AE function indirectly through its effect on disposable income. B. Transfer payments directly affect aggregate expenditures.Transfer payments directly affect aggregate expenditures. C. Private saving is always smaller than budget balance.Private saving is always smaller than budget balance. D. When government has a budget surplus comma...
30. A budget deficit is compatible with recessionary times, according to Keynes, and incurred whenever: A)...
30. A budget deficit is compatible with recessionary times, according to Keynes, and incurred whenever: A) The government is increasing spending and/or reducing taxes and uses fiscal policy to stabilize the economy. B) Tax revenues exceed expenditures over the fiscal year. C) Discretionary fiscal spending is used to combat inflation and achieve macro equilibrium. D) The US Treasury engages in refinancing activities and cut spending.
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC=0.75) O A GDP stays the same OB GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion D.GDP will decrease QUESTION 13 An example of an automatic...
Macroecomics multiple
choice
a) Other things constant, if the government cuts the net tax rate, lowering NT from NT = tọY to NT = t,Y we would expect: an upward shift of the aggregate expenditure curve an increase in the slope the aggregate expenditure curve. a movement down and along the aggregate expenditure curve. O a decrease in the slope of the aggregate expenditure curve b) In an open economy with imports described by the import function: IM 0.25Y and...
Gross public debt is O A. all federal government debt irrespective of who owns it. O B. the total value of budget deficits plus budget surpluses over the past five years. O C. an excess of government spending over government revenues during a given time period. O D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. Click to select your answer.
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit reached 4% of GDP last year. b. The federal government spends too much. c. The federal government's spending is greater than its revenue to the treasury d. the federal government has increased its spending by 5% last year.
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to the right. tne long-run aggregate supply curve shifts to the left. C) the 20) When aggregate demand curve shifts to the left. the short-run aggregate supply curve shifts to the left. t spending without an accompanying increase 21) An increase in govenment spending n taxes demand A) does not increase aggregate B) would effectively eliminate an inflationary gap. Q mquires additional govemment borrowing spending...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC=0.75) O A GDP stays the same OB GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion D.GDP will decrease QUESTION 13 An example of an automatic...
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