According to the annual and monthly data, and the October 7 New York Times article, which...
According to the annual and monthly data, and the October 7 New York Times article, which of the following best describes the government's fiscal policy since 2017?
| a. |
The budget balance has moved towards balance, which is an expansionary fiscal policy. |
|
| b. |
The budget balance has moved towards balance, which is a contractionary fiscal policy. |
|
| c. |
The budget balance has moved towards a larger deficit, which is an expansionary fiscal policy. |
|
| d. |
The budget balance has moved towards a larger deficit, which is a contractionary fiscal policy. |
|
| e. |
The budget balance has not changed, which is neither expansionary nor contractionary fiscal policy. |
Homework Answers
"C"
the budget balance has moved toward more fiscal deficit and that will be considered as an expansionary fiscal policy in the market.
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According to the annual and monthly data, and the October 7 New
York Times article, which...
of a closed economy. when 6. According to the classical long-run macroeconomic model of a co...
of a closed economy. when 6. According to the classical long-run macroeconomic model of a co decrease and government spending is unchanged a consumption and investment both increase b. consumption and investment both decrease c consumption increases and investment decreases d. consumption decreases and investment increases. 7. Suppose a business-friendly billionaire becomes president. As a result, businesses become optimistic about the future and more eager than before to increase their investment spending According to the classical long-run macroeconomic model of...
QUESTION 1 Which of the following is an example of an automatic fiscal policy stabilizer? a....
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Hi can you help make a summary about this short article and how it affects me...
Hi can you help make a summary about this short article and how
it affects me economically as US citizen ?
Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditSarah Silbiger/The New York Times
Image
Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditCreditSarah Silbiger/The New York Times
By Jim
Tankersley
Jan. 8, 2019
WASHINGTON —...
5. If data indicate the economy is in recession and members of Congress are working to...
5. If data indicate the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, which of the following has almost certainly occurred? a. Realization of results b. Recognition of change in the economy c. Implementation of policy d. Analysis of policy's effectiveness 6. Which of the following is a significant decline in general economic activity over an extended period that includes declining real income and rising unemployment? a. A business cycle b....
Among the most important problems of implementing fiscal policy include all except which of the following?...
Among the most important problems of implementing fiscal policy include all except which of the following? Correctly timing the desired fiscal stimulus, given the inevitable lags and forecasting errors Determining how large a stimulus to apply Assessing when policy actions should be reversed Determining how long a time lag to apply If the central bank does not use accommodating monetary policy, a fiscal stimulus is likely to increase interest rates, which in turn, will cause planned investment to decrease. What...
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....
1. Is the Phillips curve a myth? Intertemporal tradeoff between inflation and unemployment After the World...
1. Is the Phillips curve a myth? Intertemporal tradeoff between inflation and unemployment After the World War II, empirical economists noticed that, in many advanced economies, as unemployment fell, inflation tended to rise, and vice versa. The inverse relationship between unemployment and Inflation, was depicted as the Phillips curve, after William Phillips of the London School of Economics. In the 1950s and 1960s, the Phillips curve convinced many policy makers that they could use the relationship to pick acceptable levels...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in...
QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
A headline in The New York Times on August 16, 2017 read: “Hartford (Connecticut), With Finances...
A headline in The New York Times on August 16, 2017 read: “Hartford (Connecticut), With Finances in Disarray, Veers Toward Bankruptcy.” The article said, among other things: “. . . Hartford, which has one of the highest property tax rates in the state . . . still cannot raise enough money to pay for basic government operations.” Here are some economic, demographic, and financial data taken Census Bureau QuickFacts (accessed August, 2017) and from Hartford’s June 30, 2016 CAFR. (The...
of a closed economy. when 6. According to the classical long-run macroeconomic model of a co decrease and government spending is unchanged a consumption and investment both increase b. consumption and investment both decrease c consumption increases and investment decreases d. consumption decreases and investment increases. 7. Suppose a business-friendly billionaire becomes president. As a result, businesses become optimistic about the future and more eager than before to increase their investment spending According to the classical long-run macroeconomic model of...
Hi can you help make a summary about this short article and how
it affects me economically as US citizen ?
Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditSarah Silbiger/The New York Times
Image
Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditCreditSarah Silbiger/The New York Times
By Jim
Tankersley
Jan. 8, 2019
WASHINGTON —...
1. Is the Phillips curve a myth? Intertemporal tradeoff between inflation and unemployment After the World War II, empirical economists noticed that, in many advanced economies, as unemployment fell, inflation tended to rise, and vice versa. The inverse relationship between unemployment and Inflation, was depicted as the Phillips curve, after William Phillips of the London School of Economics. In the 1950s and 1960s, the Phillips curve convinced many policy makers that they could use the relationship to pick acceptable levels...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
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