An expansionary fiscal policy: (Select All that Apply) Helpful Hint: There are 4 correct answers. O may increase the Gross Federal Debt. may include decreases in taxes. O may include increases in taxes. O usually decreases a government budget deficit or increases a government budget surplus. O goal is to achieve a balanced budget. O may include increases in government purchases. O may include decreases in government purchases. O usually increases a government budget deficit or decreases a government budget surplus.

An expansionary fiscal policy: (Select All that Apply) Helpful Hint: There are 4 correct answers. O may increase the Gross Federal Debt. may include decreases in taxes. O may include increases in taxes. O usually decreases a government budget deficit or increases a government budget surplus. O goal is to achieve a balanced budget. O may include increases in government purchases. O may include decreases in government purchases. O usually increases a government budget deficit or decreases a government budget surplus.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An infrastructure plan more than $1.1 trillion on July 28, 2021 is an example of ------------------------- and the implementation (inside lag) was ---------------------------- Group of answer choices Expansionary Fiscal policy, few weeks Expansionary Fiscal policy, few months Expansionary monetary policy, few weeks Expansionary monetary policy, few months
1. Counter-cyclical fiscal policy is aimed at balancing the budget, whereas a balanced-budget fiscal policy is aimed at balancing the economy. (Answer with clear explanation) Option A. True Option B. False And only typed Answer
19. Gross investment is the total amount spent on purchases of new capital and on replacing depreciated capital. True or false 21. Fiscal policy has important effects on the level of employment, nominal GDP and on aggregate supply, known as secondary supply effects. True or false 23. An increase in government spending is an expansionary fiscal policy. True or false
2) Transfer payments are the ________ in the government's budget. A) smallest expenditure source B) largest expenditure source C) smallest revenue source D) largest revenue source 3) Personal taxes are the ________ in the government's budget. A) smallest expenditure source B) largest expenditure source C) smallest revenue source D) largest revenue source 4) A government's debt is increased when it A) balances is budget. B) buys more bonds. C) runs a deficit. D) runs a surplus. 5) When a government runs a surplus A) its debt increases. B) it must raise taxes. C) its debt decreases. D) it must cut spending. 6) The amount the government owes to the public is the federal debt. 7) If tax receipts are greater than government expenditures the government is running a surplus. 8) If the government runs a surplus, then the government debt increases. 9) Transfer payments are the largest part of the U.S.…
2. If government expenditures are $100 and the average tax rate is 0.6, derive the equation for the budget line and draw the budget line. What is the real GDP when there is no deficit and no surplus?
51. If taxes depend on income, then the magnitude of the government spending multiplier it would be if taxes were a lump-sum amount. A) could be either larger than or smaller than B) is larger than C) is equal to what D) is smaller than
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28. The time between recognizing the existence of a problem and adopting a course of action to deal with the problem is called the A) impact lag. B) recognition lag. C) implementation lag. D) theory lag. 29. Government tax and expenditure policies that affect real GDP are called A) automatic fiscal policy. B) discretionary fiscal policy. C) fiscal policy. D) supply-side policy. 30. The government has a balanced budget if A) its total revenues are equal to its total expenditures. B) its total revenues are less than its total expenditures. C) its total revenues are greater than its total expenditures. D) the money supply is less than total expenditures.
Suppose the government's present value of current and projected future outlays is 75 percent of GDP and its present value of current and projected future revenues is 50 percent of GDP. What gap does this describe, and what is the size of the gap? This information describes the _______. A. fiscal gap, which is 25 percent of GDP B. generational gap, which is 25 percent of GDP C. fiscal gap, which is 125 percent of GDP D. fiscal gap, which is – 25 percent of GDP
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