(25) Which of the following is an example of fiscal policy? Select one: a. A change in tax rates. b. A change in the money supply. c. A change in interest rates. d. A change in the inflation rate.   (26) If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals ________. Select one: a. 25% b. 18% c. 32%

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A: The objective of the question is to understand what happens when a government runs a deficit.

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…

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Q: Which of the following government actions is an example of fiscal policy?   A. Regulation of…

A: Fiscal policy : Fiscal policy refers to the use of government spending and taxation to influence the…

Q: What are the two sides to the federal budget? (Select two): A. Government Spending B. Equilibrium…

A: The phrase "government expenditure" refers to both the things the government buys and the many…

Q: 28. The Current expenditures for the 4th quarter of 2019 is: $______ billions. 29. The Current…

A: The current expenditure of the government refers to the day-to-day expenditures incurred for working…

Q: The table gives the government outlays and tax revenues from 2015 through 2019 for two countries.…

A: A budget deficit occurs when government outlays are greater than tax revenue. A budget surplus…

Q: Which of the following fiscal policy actions would be appropriate if the economy is experiencing an…

A: Fiscal policy is a macroeconomic policy tool that governments utilize to impact an economy's overall…

Q: 2. Calculating the debt to GDP ratio The following calculations help you see how the ratio of debt…

A: The debt to GDP ratio is the ratio indicating the total debt and total GDP of the country. The debt…

Q: Archanges sared 1. Suppose your total taxable income this year is $75,000. You are taxed at a rate…

A: Taxes are the compulsory payments levied on individuals and organizations by the government to…

Q: Suppose the following statistics characterize the financial health of the hypothetical economy…

A: Gross domestic product (GDP) refers to the total output produced in an economy in a given fiscal…

Q: Assume the United States has been in another recession for the past 10 months. Unemployment is 10%…

A: The AD-AS (aggregate demand-aggregate supply) example demonstrates national income determination and…

Q: Fiscal Policy - Ask FRED The accompanying graph depicts the unemployment insurance benefits paid by…

A: The graph reveals that the spending of average unemployment insurance in 2007 is nearly $30 billion.

Q: Show graph to support.

A: Fiscal policy is the management of aggregate demand by manipulating government expenditure. The…

Q: Keynes recommended that when aggregate demand slumped causing a recession or depression in output…

A: Macroeconomic analysis provides a thorough picture of an economy's financial situation. It detects…

Q: 23)Which of the following is classified as Fiscal Policy? Select one: a. The federal government…

A: 23.Answer is (a) Tax cut is an example of fiscal policy.To decrease air pollution,federal government…

Q: 1. Fiscal Policya. Assume the Economy has an inflationary gap with above average price level,…

A: a) Inflationary gap is said to exist when the real gross domestic product exceeds the maximum…

Q: f Congress and the president decide an expansionary fiscal policy is necessary, then they should…

A: Fiscal policy is related to government spending and taxes. Fiscal policy is a policy in which the…

Q: Someone answer this question asap A major side-effect of a stimulating fiscal policy is that it…

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Q: 9. Focusing on the tax cut of 1982, the personal current tax receipts for 1981, the year before the…

A: Tax incidence:It is a necessary payment that is made to the government for the consumption of goods…

Q: Which of the following is TRUE? Select one: a. Real GDP in  the U.S. is 12 trillion dollars.  b.…

A: Real GDP is the value of GDP calculated at with base year prices in comparison to the nominal GDP…

Q: “The document showing the income and expenses of the state together is called X.” In his statement,…

A: Marginal Revenue: The additional revenue generated by selling the additional unit of goods and…

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A: Fiscal policy involves the use of taxes, government spending, and transfer payments to promote…

Q: A. Identify if the problem is inflation or unemployment. If unemployment, state which type of…

A:

Q: ocial Security and Medicare create a fiscal gap because _______.     A. the benefits today exceed…

A: Fiscal gap refers the difference between government expenditure and government revenue

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A: In economics, unemployment refers to the situation when some of the people, who are able and willing…

Q: Suppose the following statistics characterize the financial health of the hypothetical economy…

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Q: . Using the expenditure approach, government expenditures include a) defense and nondefense federal,…

A: In the expenditure approach of GDP, the expenditure of the government includes the spending of money…

Q: Each year the government loses 17 cents out of every dollar due on income taxes because of cheating…

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Q: 4. The government decides to pursue a policy of keeping the amount of tax revenue it collects to be…

A: Tax revenue alludes to the aggregate sum of money gathered by a government through taxation. It…

Q: 1. Suppose the economy has fallen into a recession (output level ?0), and the federal government…

A:

Q: Fiscal Policy and how it can be implemented in a recessionary gap.   Recently, COVID-19 has…

A: As we know that Pandemic pushed the many economy years back almost all countries . There growth rate…

Q: Price level (GOP deflator 2000-1000 X lower interest rates In the figure above, if the economy is at…

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Q: Calculating the debt to GDP ratio Suppose the following statistics characterize the financial health…

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Q: An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand…

A: a) The increase in value of stock prices would increase the consumption and aggregate demand and…

Q: According to the pie chart, which of the following provides the most revenue for the federal…

A: As per the pie chart above, the federal tax revenue is $3.18 trillion and is collected/earned…

Q: 6. Automatic stabilizers Which of the following are examples of automatic stabilizers? Check all…

A: Introduction  Automatic stabilisers are a particular kind of fiscal policy intended to balance out…

Q: Which of these tax systems does not conform to the idea of vertical equity? a. GST. b. A flat…

A: Vertical equity refers to an approach of tax collection wherein the taxes paid will be increasing…