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
|
Homework Answers
Answer: d
Government sets budgets of collection in revenues and various expenses during a fiscal year (period). If in actual, expenses become higher than revenue then that is budget deficit.
The government has to meet such budget deficit either through increasing tax rates or through taking loans from domestic sources (such as Central bank, etc.) or from international sources (like IMF, World Bank, etc.)
Add Answer to:
27. A budget deficit is best defined as the
a.
shortage of spending power created by...
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.
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...
1. Government spending required by laws other than appropriation acts is also known as what? a....
1. Government spending required by laws other than appropriation acts is also known as what? a. Budget spending b. Mandatory spending c. Discretionary spending d. Deficit spending 2. Which of the following statements is true? a. Mandatory spending is determined by law and discretionary spending is determined by appropriation acts. b. Discretionary spending is determined by the president with advice from Congress, and mandatory spending is determined by the Supreme Court. c. Neither mandatory nor discretionary spending can be changed....
If Ricardian equivalence proposition is true, a budget deficit resulting from a tax cut will have Ono effect on governm...
If Ricardian equivalence proposition is true, a budget deficit resulting from a tax cut will have Ono effect on government expenditures. no effect on current account because it does not affect national saving. no effect on current account because people expect to pay lower taxes in the future. no effect on current account because people expect to increase their consumption.
Related to the Economics in Practice Federal government expenditures and receipts for the simple economy of...
Related to the Economics in Practice Federal government expenditures and receipts for the simple economy of the nation of Topanga are listed in the table below. The government of Topanga would like to reduce the debt-to-GDP ratio, and the Finance Minister of Topanga has proposed the following: "The best way to reduce the debt-to-GDP ratio is to increase GDP, because with a larger GDP, the ratio will have to get smaller. I therefore propose that government expenditures be increased by...
9. Which of the following statements is (are) correct? (x) A budget surplus occurs when government receipts are more tha...
9. Which of the following statements is (are) correct? (x) A budget surplus occurs when government receipts are more than spending and a budget deficit occurs when government spending is more than receipts. (y) The most common methods that the U.S. government uses to finance the budget deficit is by borrowing solely from the Federal Reserve or printing currency in the amount of the budget deficit. (z) If interest rates remain constant, then government must spend a larger amount of...
Work through the National Budget Simulation (Links to an external site.)Links to an external site. in...
Work through the National Budget Simulation (Links to an external site.)Links to an external site. in an effort to achieve a budget deficit of $1100B dollars. Scenario: The President of the United States has been elected on the promise of fiscal responsibility. By law he cannot reduce the net interest paid on the debt. The President's budget is projected to leave the country with a $1100B deficit. The United States is subject to global security concerns. At the same time,...
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue....
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue. Select one: True False If there is a surplus of loanable funds, then neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. Select one: True False An increase in the budget deficit would cause a shortage of loanable funds at the original interest rate, which would lead to falling interest...
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...
The President of the United States has been elected on the promise of fiscal responsibility as...
The President of the United States has been elected on the promise of fiscal responsibility as a key mandate of the electorate. By law he cannot reduce the net interest paid on the debt. The President's budget is projected to leave the country with a $1400B deficit. The United States is subject to global security concerns tied to recent terrorist attacks both domestically and internationally. At the same time, a lingering recession and financial markets rescue package reduces the government's...
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...
If Ricardian equivalence proposition is true, a budget deficit resulting from a tax cut will have Ono effect on government expenditures. no effect on current account because it does not affect national saving. no effect on current account because people expect to pay lower taxes in the future. no effect on current account because people expect to increase their consumption.
Related to the Economics in Practice Federal government expenditures and receipts for the simple economy of the nation of Topanga are listed in the table below. The government of Topanga would like to reduce the debt-to-GDP ratio, and the Finance Minister of Topanga has proposed the following: "The best way to reduce the debt-to-GDP ratio is to increase GDP, because with a larger GDP, the ratio will have to get smaller. I therefore propose that government expenditures be increased by...
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...
Most questions answered within 3 hours.
-
A common laboratory reaction is the neutralization of an acid
with a base. When 41.2 mL...
asked 16 minutes ago -
A solid sphere of radius R and mass 10.0kg is placed on an
incline plane of...
asked 11 minutes ago -
You own a ‘Kiwi-Waffles’ restaurant in Auckland.
‘Kiwi-Waffles’ is a franchise that allows customers to customise...
asked 11 minutes ago -
Given a diploid sexual population of mammals where mutation,
selection and migration do not occur, and...
asked 13 minutes ago -
give anhydrides for the following acids? H3BO3, H3PO4,
HClO4
asked 26 minutes ago -
A beam of light consisting of two wavelengths, 546.0 nm and
409.5 nm, is used to...
asked 26 minutes ago -
Describe the safeguards for the various file systems and assess
how effective they are
asked 31 minutes ago -
Write as assignment statement that assigns WA to an existing
string variable state. Visual Studio 2019....
asked 29 minutes ago -
What is happening to the electron in the tube to make it deflect
more when Vd...
asked 52 minutes ago -
You start with 23.00g of aluminum and 55.00g of NH4ClO4. What is
the limiting reagent? 10Al(s)...
asked 58 minutes ago -
Find the errors in following program.
//This program uses a switch statement to assign a
//...
asked 1 hour ago -
The mass structure of a spiral galaxy may be determined by
measurement of its___________ ________________
asked 1 hour ago