1. Using the chart above, write a short description highlighting positive and negative indicators of the current economy's performance. 2. What BROAD strategy (expansionary, contractionary, or neutral) policy should the government follow and why? Then, what SPECIFIC fiscal policy actions (changes to taxes/spending) do you recommend at this time? What SPECIFIC economic problem may this action cause?

Q: What is the primary goal of fiscal policy? A. Maintaining price stability B. Achieving full…

A: Fiscal policy is a basic part of an administration's financial administration toolbox. It includes…

Q: A is when the amount of government expenditures is greater than its revenue. A budget deficit B…

A: The economies around the world tend to work upon the basis of the entities, such as the households,…

Q: 40. Which of these would help a government fight a recession? raising taxes cutting taxes cutting…

A: The objective of this question is to identify which of the given options would be most effective in…

Q: 1. Which of the following best describes a fiscal policy tool? A. government spending B. bank…

A: Fiscal policy instruments are utilized by legislatures that impact the economy. These essentially…

Q: The table below presents the tax revenue and spending for the government over five years. a. Under…

A: An economy forms a budget to predict the overall revenue and costs that it may earn during the…

Q: How does the government spend?

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: What are the budget revenues for a government to finance government spending?

A: Budget revenues are detailed information of revenues  receipts and expenditures of the government.…

Q: Differentiate between the following terms: a. a budget deficit.  b. the government debt.  c. a…

A: a. When the expenditure of individuals, Government, or company surpass the revenue then it is called…

Q: What is the importance of studying the national budget and how it will affect our economy?

A: national budget is important because of following reasons :- 1. Hepls in allocation and distribution…

Q: What are the main categories of government spending? What are the main categories of government…

A: Government spending is the fund spend by the government on the various sector of society. It has the…

Q: What is a budget deficit? How does a government respond to a budget deficit?

A: A government budget is an annual financial statement prepared by the governments that outlines the…

Q: 2. What are the budget revenues for a government to finance government spending?

A: The government as an economic agent would result in the income of the government to finance the…

Q: Changing Budget Priorities) What spending category claimed the largest share of federal outlays…

A: When an unregulated market fails to allocate resources efficiently then this situation is known as a…

Q: Consider an economy located near the Indian Ocean where the main industries are agriculture and…

A: In the face of globalization, the practice of maintaining budget deficits has gained favor. Most…

Q: Suppose that the Office of Management and Budget provides the accompanying estimates of federal…

A: Deficit as percentage of GDP = (Deficit / GDP) * 100

Q: In 10+ sentences, explain how we can eliminate the national debt using fiscal policy. Explain how we…

A: The use of government spending and tax policies to influence economic conditions, especially…

Q: The federal government's use of taxation and spending policies to stabilize the economy is APhysical…

A: The charge which is being levied being imposed upon a legal entity or individual for funding…

Q: What is role of the private sector in helping the Filipino government ease its fiscal pressure?

A: fiscal pressure stands as a rate proportion between the obligatory installments to the express that…

Q: Given the data and policy, what happens in the AD/AS model? Select one: O A. Aggregate Demand (AD)…

A: In an economy the changes in governement spending as a direct and significant impact on the overall…

Q: Explain 3 ways the Canadian Government might use fiscal policy to attempt to stimulate an economy…

A: Expansionary Fiscal policy is used as a means to shift the aggregate demand curve outwards during…

Q: Give three examples of governments that are adept in the use of fiscal policy

A: Fiscal policy proficiency refers to a government's ability to effectively and strategically use…

Q: What is fiscal policy and what government entities make it?

A: Governments are political organizations that have the authority and power to make decisions and…

Q: Explain the Economic Concepts of the Fiscal Policy : 1. inception   2. tools   3. goals

A: 1. Fiscal policy can be used by the government in order to stabilize the economy. Primarily in…

Fiscal Policy and Money Market

Fiscal policy is one of the important tools that is used by the government to control inflation or aggregate demand in the economy. Under this policy, there are two rules which are used by the government, one is the expenditure of the government and the other is the taxation or income of the government which it collects from the public.