12&13Homework Answers
QUESTION 12 - laffer curve, this relationship is introduced by the economist named Arthur laffer he illustrated the argument that sometimes a cut in tax rate can also increase the tax revenue.
QUESTION 13 - expansionary fiscal policy, as the expansionary fiscal policy is that fiscal policy in which the recession pressure can be fight by lowing down the tax rate or by increasing the government spendings, by the the economy will expand.
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12&13
Question 12 (Mandatory) (1 point) An illustration of the relationship between tax rates and tax...
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...
all please Question 7 6 pts involves decreases in government spending and increases in taxes, while...
all
please
Question 7 6 pts involves decreases in government spending and increases in taxes, while government spending and decreases in taxes. involves increases in contractionary monetary policy; expansionary monetary policy contractionary fiscal policy, expansionary fiscal policy expansionary fiscal policy; contractionary fiscal policy expansionary monetary policy, contractionary monetary policy Question 9 6 pts Which of the following is an example of automatic, expansionary fiscal policy? O Legislation passed to extend unemployment benefits longer than 6 months O Higher personal income...
During a recession, if a government uses an expansionary fiscal policy to increase GDP, the: Question...
During a recession, if a government uses an expansionary fiscal policy to increase GDP, the: Question 21 options: a) aggregate supply curve will shift to the right. b) aggregate supply curve will shift to the left. c) aggregate demand curve will shift to the left. d) aggregate demand curve will shift to the right. Suppose the government passes a new law that decreases tax rates. This policy is… Question 22 options: a) automatic and expansionary b) automatic and contractionary c)...
A. If there is complete crowding out as a result of an increase in government spending...
A. If there is complete crowding out as a result of an increase in government spending there will be a decrease in aggregate demand. no change in aggregate demand. an increase in aggregate demand. a downward movement along the aggregate demand curve. B. According to Buchanan and Wagner, why is there a political bias toward expansionary fiscal policy rather than contractionary fiscal policy? In a democracy, expansionary fiscal policy prescriptions are more politically popular than are the policy prescriptions associated...
30-33 30) An appropriate fiscal policy for a severe recession is B) a decrease in tax...
30-33
30) An appropriate fiscal policy for a severe recession is B) a decrease in tax rates. D) a decrease in government spending. A) appreciation of the dollar. C) an increase in interest rates. 31) A contractionary fiscal policy is shown as a A) rightward shift in the economy's aggregate demand curve. B) rightward shift in the economy's aggregate supply curve C) leftward shift in the economy's aggregate demand curve. D) movement along an existing aggregate demand curve. 32) A...
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. When countries have severe debt problems: fiscal policy is an especially good idea. expansionary fiscal...
1. When countries have severe debt problems: fiscal policy is an especially good idea. expansionary fiscal policy can reduce real growth. it makes no difference for fiscal policy. they can continue to borrow forever without any adverse consequences. 2. Increases in government spending financed through additional borrowing will typically: lead to higher taxes. lead to higher interest rates. stimulate both consumption and investment. provide more stimulus than when government spending is financed through higher taxes. 3. In a recession, automatic...
1.The Aggregate Supply curve shows which of the following relationships: the inverse relationship between the price...
1.The Aggregate Supply curve shows which of the following relationships: the inverse relationship between the price level and real income the positive relationship between the price level for goods and domestic output the combinations of income and the interest rate for which the demand for money equals the money supply 2.When a central bank buys long-dated government securities, it is most likely trying to do which of the following? reduce consumption and borrowing to lower inflation and growth reduce the...
Question 38 A contractionary fiscal policy is shown as a: rightward shift in the economy's aggregate...
Question 38 A contractionary fiscal policy is shown as a: rightward shift in the economy's aggregate demand curve. rightward shift in the economy's aggregate supply curve. movement along an existing aggregate demand curve. leftward shift in the economy's aggregate demand curve. Question 39 An appropriate fiscal policy for a severe recession is: a decrease in government spending. a decrease in tax rates. appreciation of the dollar. an increase in interest rates.
Question 43 (Mandatory) (1 point) Answer the question on the basis of the following sequence of...
Question 43 (Mandatory) (1 point) Answer the question on the basis of the following sequence of events involving fiscal policy: (1) The composite index of leading indicators turns downward for three consecutive months, suggesting the possibility of a recession. (2) Economists reach agreement that the economy is moving into a recession. (3) A tax cut is proposed in Congress. (4) The tax cut is passed by Congress and signed by the president. (5) Consumption spending begins to rise, aggregate demand...
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...
all
please
Question 7 6 pts involves decreases in government spending and increases in taxes, while government spending and decreases in taxes. involves increases in contractionary monetary policy; expansionary monetary policy contractionary fiscal policy, expansionary fiscal policy expansionary fiscal policy; contractionary fiscal policy expansionary monetary policy, contractionary monetary policy Question 9 6 pts Which of the following is an example of automatic, expansionary fiscal policy? O Legislation passed to extend unemployment benefits longer than 6 months O Higher personal income...
30-33
30) An appropriate fiscal policy for a severe recession is B) a decrease in tax rates. D) a decrease in government spending. A) appreciation of the dollar. C) an increase in interest rates. 31) A contractionary fiscal policy is shown as a A) rightward shift in the economy's aggregate demand curve. B) rightward shift in the economy's aggregate supply curve C) leftward shift in the economy's aggregate demand curve. D) movement along an existing aggregate demand curve. 32) A...
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...
Question 38 A contractionary fiscal policy is shown as a: rightward shift in the economy's aggregate demand curve. rightward shift in the economy's aggregate supply curve. movement along an existing aggregate demand curve. leftward shift in the economy's aggregate demand curve. Question 39 An appropriate fiscal policy for a severe recession is: a decrease in government spending. a decrease in tax rates. appreciation of the dollar. an increase in interest rates.
Question 43 (Mandatory) (1 point) Answer the question on the basis of the following sequence of events involving fiscal policy: (1) The composite index of leading indicators turns downward for three consecutive months, suggesting the possibility of a recession. (2) Economists reach agreement that the economy is moving into a recession. (3) A tax cut is proposed in Congress. (4) The tax cut is passed by Congress and signed by the president. (5) Consumption spending begins to rise, aggregate demand...
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