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- 18)What action could the TCMB take to reduce the crowding-out effect of an expansionary fiscal policy?2) calc the government budgetary position in 1984 in billons of dollarsQuestion 20 In which case will the government collect more tax revenue if tax revenue is tax rate multiplies income? 4% tax rate and $80,000 average income 90% tax rate and $15,000 average income 30% tax rate and $40,000 average income O 15% tax rate and $95,000 average income
- Suppose that in the given economy the tax multiplier is equal to -4 and the government increases its purchases by AED5000 billions. If the net effect after the crowding out is 1/5 of the shifting due to the multiplier effect, estimate the extent of the crowding out, for any level of the price. Discuss and show the steps followed.C = 450 + 0.4YI = 350G = 150X = 70Z = 35 + 0.1YT = 0.15YYf = 1550Q.2.5 Calculate what the new equilibrium income should be if the government of thiscountry decides to cancel all taxes, implying the tax rate would now be 0%.Give typing answer with explanation and conclusion Suppose that the typical Canadian spends 80 percent of their income. There is an income tax rate is 15% per period. If the government wanted to see the effect of a tax cut of $50 billion, what would be the tax multiplier that they would have to use.
- 17)Show and explain how an expansionary fiscal policy can cause crowding-out effect by using aggregate expenditure and aggregate output curves.What is the 'mps' ? a) 1/3 b) 2/3 c) 3/2 d) 1/2 e) 417 - If taxes (T) increase, total expenditures decrease. In what direction does the demand curve shift?A) To the rightB) Moves on CurveC) NoneD) leftE) immutable
- 10) Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment. A) taxes; interest rates B) taxes; expenditures C) interest rates; money supply D) taxes; money supply16) Contractionary fiscal policy, other things being equal, will tend to: A) increase transfer payments B) increase government purchases C) increase consumption taxes D) increase interest ratesE3 explain how government grants may crowd out fundraising by charities and private donations in the U.S. and UK Define the concept of "crowding in” as it applies to charitable donations by organizations and individuals Explain the evidence of crowding in for the U.S. and UK
