ZuoTi.Pro
Question

With respect to recent U.S Federal Government Fiscal policies what has the Federal Government been doing?...

  • With respect to recent U.S Federal Government Fiscal policies what has the Federal Government been doing?
    • Is it following contractionary or expansionary policy? Why? What policy tools have they been using?
    • Is the fiscal policy being followed correct for the current state of the economy?
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Presently in the face of rising the fiscal deficit, it appears that the Federal government is going with the expansionary fiscal policy. The taxes have been decreased to drive up the demand. The unemployment rate is an all-time low, thus now it is a time to follow the policies that assist in decreasing the government debt level which is above 108 % of GDP.

But now Coronavirus is going to affect the economic growth massively, thus government policy is good keeping in view the economic scenario that is unfolding across the world.

Government even might be required to drive up the demand further else the recession might hit economy in most ferocious manner.

0 0
Add a comment
Know the answer?
Add Answer to:
With respect to recent U.S Federal Government Fiscal policies what has the Federal Government been doing?...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • WEEK 6: MONETARY POLICY AND FISCAL POLICY A healthy economy typically has low rates of unemployment...

    WEEK 6: MONETARY POLICY AND FISCAL POLICY A healthy economy typically has low rates of unemployment and steady prices. Low rates of unemployment means that the economy is operating at its full potential. To ensure the economy continues to operate at potential GDP (full capacity where all savings are invested in production functions, and where all those who wish to work can find a job, and all other factors of production are fully utilized in the production function), governments use...

  • 12. What is the purpose of the following fiscal policies? a. Contractionary fiscal policy b. Expansionary...

    12. What is the purpose of the following fiscal policies? a. Contractionary fiscal policy b. Expansionary fiscal policy T1 Wighod to hiftorante demand to the right

  • Identify each government policy as an example of Expansionary Fiscal Policy or Contractionary Fiscal Policy, [Choose]...

    Identify each government policy as an example of Expansionary Fiscal Policy or Contractionary Fiscal Policy, [Choose] The Coronavirus Aid, Relief, and Economic Security (CARES) Act, 2020 < American Recovery and Reinvestment Act, 2009 [Choose] < [Choose] Elimination of the State and Local Tax (SALT) deduction from annual income taxes $100 increase in vehicle registration fees [Choose ] Troubled Asset Relief Program (TARP), 2008 [Choose] Identify whether each scenario is an example of Expansionary Monetary Policy or Restrictive Monetary Policy. The...

  • What is the current state of the US economy and what policies (monetary/fiscal) should the federal...

    What is the current state of the US economy and what policies (monetary/fiscal) should the federal reserve use for the economy?

  • How has the U.S. economy been doing in recent years? Why do you think that is?...

    How has the U.S. economy been doing in recent years? Why do you think that is? Gather relevant economic statistics, such as the growth rate of real GDP, the unemployment rate, and the inflation rate, to support your case. • Did any of the data from the project surprise you? Which data? Why? Does this data indicate a growing, stagnant or declining economy? What does this data tell you about the health of our economy? Why? Find a current news...

  • The Current U.S. government spending is $4.746 trillion. That's the federal budget for fiscal year 2020...

    The Current U.S. government spending is $4.746 trillion. That's the federal budget for fiscal year 2020 covering October 1, 2019, to September 30, 2020. It's 21% of gross domestic product. That means that Government Spending in the United States has increased under the current U.S. Administration. Additionally, last year the Congress passed a tax reform that, among other effects, cut payroll taxes: i) Can you establish the macroeconomics effects of these policies on consumption, investment, interest rate and savings? Use...

  • Is Fiscal Policy Dead? In recent decades many economists and policy makers had generally agreed that the age of using fi...

    Is Fiscal Policy Dead? In recent decades many economists and policy makers had generally agreed that the age of using fiscal policy to control the business cycle had ended. Primarily this was because fiscal policy suffers from more time lags and is politically more difficult in the US compared to monetary policy. During the next contraction, would you recommend using fiscal policy to stimulate the economy or should we rely only on monetary policy tools? Secondly, what laws, rules, etc....

  • Should the government use monetary and fiscal policy in an effort to stabilize the economy?

    7. Use of discretionary policy to stabilize the economy Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economic fluctuations. The following graph shows a hypothetical aggregate demand curve (AD), short-run aggregate supply curve (AS), and long-run aggregate supply curve (LRAS) for the U.S. economy in April 2020. Suppose the government...

  • 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...

  • If the US economy is doing well, both the Fed and the government may pursue tighter...

    If the US economy is doing well, both the Fed and the government may pursue tighter fiscal and monetary policies. What are the objectives of such a policy mix? How might a tighter fiscal and monetary policy mix be implemented? Will crowding out be a problem? Explain why or why not

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT