Answer Bank when the government receives more in taxes than it spends in a given time period when government spending and taxes are equal when the federal government spends more than it collects in taxes in a given time period the total accumulated amount that the government has borrowed and not yet paid back over time

Q: Which types of budget cuts only reduce areas that have overspending? Group of answer choices…

A: Budgets refers to the preparation of the spending plans based on the income. Budgets are prepared by…

Q: What are the major sources or categories of revenue and major expenditures?  How have revenues and…

A: A way of measuring the economic wellbeing of a nation, the GDP is the amalgamation of all the values…

Q: Suppose we wanted to use fiscal policy (a change in taxes OR a change in government spending) in…

A: Fiscal policy refers to the use of government spending and taxation to influence the economy. It is…

Q: If government increases spending and wants to maintain a balanced budget, it should

A: The answer is as follows:-

Q: Give three yes and three no arguments. Why Are tax cuts good for America?

A: Any tax cut would decrease the revenue for government and increase the income of people with tax…

Q: True or false.  Most of the federal expenditures are not at the year-to-year discretion of Congress…

A: When talking about government budget, government requires to maintain budget related to…

Q: Based on the Krugman text and your reader articles, what position do you take on the current fiscal…

A: Based on economic theory and empirical evidence, there are arguments for both stimulus and austerity…

Q: ich of the following is an example of a "government failure"? Government implementing a balanced…

A: Government failure, with regards to public financial aspects, is a monetary shortcoming brought…

Q: Refer to the setup of 2 questions ago.  An increase in government spending would Group of answer…

A: Government spending is the amount of money spent by the government on purchasing products and…

Q: Fiscal policy is a plan for taxing and spending that is designed to steer an economy in a desired…

A: Fiscal policy is the policy of the government that is used to shift the aggregate demand curve.…

Q: The budget can be seen as a contract of presidential and congressional promises to supply funds for…

A: No, the budget cannot be seen just as a contract for the promises made on presidential &…

Q: What are the short-run and long-run implications when it comes to government spending changes versus…

A: Government Spending is defined as the money that is spent by the government or the public sector of…

Q: Which of the following budget philosophies advocates keeping the budget in balance every year,…

A: Cyclically balanced budget advocates keeping the budget in balance every year, except during…

Q: The economist views the budget as a public policy making tool? True or false

A: False. Reason- Economists view the budget as the opportunity cost. They see budget as the…

Q: 2. What is the largest component of the federal budget? A) Entitlements C) Defense B) Net interest

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The majority of economists. - budget amendment to the U.S. Constitution because it would be blank.…

A: Balanced budget is a financial plan where revenue equals expenditure. The government has a balanced…

Q: Why does the budget require a forecast of the economy? Under what circumstances would actual…

A: A budget is a financial document or the financial plan of an economy which includes the planned…

Q: #1 Identify each of the following as expensionary or contractionary and show their effect on the…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the very first question with 1st…

Q: the largest category of the federal budget outlays is from

A: The federal budget outlays refer to the total amount of money that the federal government plans to…

Q: Economists at which of the following government offices help formulate spending plans and regulatory…

A: The question is asking about the government offices where economists work to help formulate spending…

Q: The new round of tax cuts is supposedly intended as post-terror economic stimulus. But recent…

A: Unemployment rate: The active participants of the labor force not being associated with any jobs or…

Q: The government runs a large budget deficit (and nothing else changes): a)Inflation stays the same…

A: Budget deficit refers to a situation when the government has outlined the budget and its division…

Q: Which of the following is NOT a fiscal policy action? Group of answer choices decreasing government…

A: The answer is - raising the quantity of money in circulation

Q: Expenditures are always made with clear policy to guide them. Politics never enters the equation?…

A: Expenditures by the government for the economic growth involves the fiscal policy implementation, in…

Q: What are the effects of the business cycle on the government's budget? automatically tax revenues…

A: The government spending plan, also known as the national budget, is a file that lists the various…