As you have seen, public budgeting is inherently political. Indeed, it is driven by an acutely political cycle: For example: 1) Politicians promise benefits in order to get elected; 2) Those promised benefits often come at high expense; 3) If campaign promises are to be kept, taxes must be raised or reorganized in order to transfer and transform private wealth into government revenue to cover those expenses; 4) Individuals losing wealth through higher taxes may seek to remove from office the politicians that raised their taxes, and so on. In light of this cycle, many individuals, institutions, political challengers and think tanks may work to hold elected officials accountable for their public budgeting decisions. For this discussion, you will provide and explain an example of political strategies used to hold elected officials accountable for taxing/spending policy and an example of a political strategy used by politicians to avoid the potentially negative consequences of deficit spending or tax increases.

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A: The aggregate demand curve jn a closed economy comprises of AD = C + I + G where C = consumption, I…

Q: 000 00-50,000 00-80.000 0.9 0.8 0.75

A: Spending multiplier = 1 / 1-MPC Tax multiplier = Spending multiplier – 1

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Q: xplain and analyse the difference between direct and indirect taxation AND evaluate the view that…

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Q: What is the significance of the Functional Finance view's emphasis on the purpose of taxation? a.…

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Q: Explain the inherent limitation that the power of taxation is an inherently legislative function

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Q: a) Define what are  expansionary and contractionary discretionary fiscal policies.

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: In 1968, mandatory government spending was approximately ________ of GDP and in 2108 mandatory…

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Q: Which of the following accurately describes the phenomenon of crowding out?     government…

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Q: In 2018, the Government of the Federated Republic of Coconut Islands had a budget surplus of $20…

A: Budget = Tax revenue - Government expenditure +20 = tax revenue -324 Tax revenue = 344

Q: A government collects $175 billion quarterly in tax revenue. Each year it allocates $70 billion to…

A: Given that, A government collects $175 billion quarterly in tax revenue. Each year allocates $70…

Q: "In the face of unstable economic growth due to a recession or accelerated inflation, the potential…

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Q: Which of the following sources of revenue is used to fund government spending? A) corporate…

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Q: Which one of the O All of our ta O Our Federal O Our Federal O Our Federal taxes.

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Q: If the government uses its budget surplus to finance additional government purchases or tax cuts,…

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Q: Which of the following accurately describes the phenomenon of crowding out? O government borrowing…

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