Homework Answers
Answer to the above-mentioned question is an option (c) that is increased during expansions.
Meaning of budget deficit
Budget deficit appears when the expenditures surpass the revenue and designate the financial health of the nation.
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Question 76 Budget deficits tend to • increase over time. increase during recessions. increase during expansions....
Budget deficits tend to: a. decrease over time. b. increase during expansions. c. increase over time....
Budget deficits tend to: a. decrease over time. b. increase during expansions. c. increase over time. d. increase during recessions. e. grow as the economy grows and shrink as the economy shrinks.
Question 4 Flag question Not yet answered Marked out of 1.00 A feature of automatic stabilizers...
Question 4 Flag question Not yet answered Marked out of 1.00 A feature of automatic stabilizers is that they: Select one: a. automatically result in surpluses during recessions and deficits during economic booms b. automatically decrease the price level during inflation and increase the price level during deflation. C. do not require any legislative action by Congress to take effect. O d. guarantee that the federal budget will be balanced over the course of the business cycle.. o e. simultaneously...
61. Why does the federal debt tend to increase during recessions? A. Economic activity decreases, which...
61. Why does the federal debt tend to increase during recessions? A. Economic activity decreases, which decreases revenues and increases outlays B. Economic activity decreases, which decreases revenues and decreases outlays. C. Economic activity increases, which increases revenues and increases outlays. D. Economic activity increases, which increases revenues and decreases outlays. Use the table below to answer the following two questions. Government Government tax revenues | expenditures (billions of dollars) Year (billions of dollars 120 110 1 2 135 130...
QUESTION 13 According to the indifference principle housing prices a tend to converge over time b tend to leave in...
QUESTION 13 According to the indifference principle housing prices a tend to converge over time b tend to leave individuals indifferent about where they live c. only tend to be different to compensate individuals for differences in living conditions od only B&C QUESTION 14 You operate a small poultry farm in east Texas. You sell most of your output through a regional distributor of poultry products in the area. In this case, you are subject to a Low buyer power...
D Question 5 4 pts Which one from below describes the biggest benefit of the built-in...
D Question 5 4 pts Which one from below describes the biggest benefit of the built-in (automatic) economic stabilizer? It guarantees that the federal budget will be fully balanced over the course of the business cycle. O 0 It automatically produces surpluses during recessions and deficits during inflations. always simultaneously stabilizes the economy and reduces the absolute size of the public debt. O It O It requires no legislative action by Congress to be made effective. Next . 4 Previous
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...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The LM curve represents A) the single level of output where the goods market is in equilibrium. B) the combinations of output and the interest rate where the goods market is in equilibrium. C) the single level of output where financial markets are in equilibrium. D) the combinations of output and the interest rate where the money market is in equilibrium. E) none of...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The LM curve represents A) the single level of output where the goods market is in equilibrium. B) the combinations of output and the interest rate where the goods market is in equilibrium. C) the single level of output where financial markets are in equilibrium. D) the combinations of output and the interest rate where the money market is in equilibrium. E) none of the...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Question 4 Flag question Not yet answered Marked out of 1.00 A feature of automatic stabilizers is that they: Select one: a. automatically result in surpluses during recessions and deficits during economic booms b. automatically decrease the price level during inflation and increase the price level during deflation. C. do not require any legislative action by Congress to take effect. O d. guarantee that the federal budget will be balanced over the course of the business cycle.. o e. simultaneously...
61. Why does the federal debt tend to increase during recessions? A. Economic activity decreases, which decreases revenues and increases outlays B. Economic activity decreases, which decreases revenues and decreases outlays. C. Economic activity increases, which increases revenues and increases outlays. D. Economic activity increases, which increases revenues and decreases outlays. Use the table below to answer the following two questions. Government Government tax revenues | expenditures (billions of dollars) Year (billions of dollars 120 110 1 2 135 130...
QUESTION 13 According to the indifference principle housing prices a tend to converge over time b tend to leave individuals indifferent about where they live c. only tend to be different to compensate individuals for differences in living conditions od only B&C QUESTION 14 You operate a small poultry farm in east Texas. You sell most of your output through a regional distributor of poultry products in the area. In this case, you are subject to a Low buyer power...
D Question 5 4 pts Which one from below describes the biggest benefit of the built-in (automatic) economic stabilizer? It guarantees that the federal budget will be fully balanced over the course of the business cycle. O 0 It automatically produces surpluses during recessions and deficits during inflations. always simultaneously stabilizes the economy and reduces the absolute size of the public debt. O It O It requires no legislative action by Congress to be made effective. Next . 4 Previous
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...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
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