Q: What are the strengths and weaknesses of fiscal policy and monetary policy.
A: Policy are the plans made by government for the betterment of state or country. policy is law,…
Q: Spending funds obtained by borrowing instead of taxation. A. Merit Good B. Zero based Budgeting…
A: A fund is a collection of funds put aside for a certain purpose. A fund's money is often invested…
Q: A governor presents an exparsionary fiscal plan to stimulate production throughcut the state. Which…
A: The best expansionary fiscal plan to stimulate the production in the state is to reduce the tax rate…
Q: Assume an economy where the government embarks on an expansionary fiscal policy, explain the effect…
A: An expansionary fiscal policy is undertaken by the government during recession when the actual GDP…
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: Fiscal Policy
A: Fiscal policy refers to using government spending and taxation to steer the economic system. Through…
Q: 6. A reduction in government expenditure or an increase in taxes is defined as: 1. expansionary…
A: We know that Expansionary policy is employed with the aim of boosting aggregate demand when private…
Q: that demonstrates an understanding of the fiscal policy, explaining it in economic terms. No…
A: Government intervention can be described as the actions taken by a government to affect or regulate…
Q: 1. What is the role of the Budget Department in the budget process?
A: An annual budget is a common example of a financial plan that details anticipated income and…
Q: 6. Which of the following is not a fiscal instrument: * O Budget O Public expenditure О Тахation All…
A: Answer: 6) Option (d) is correct All are fascal instruments
Q: 4. When national income increases, then : Income tax revenues should decrease Interest rate should…
A: In an economy, national income include private income, which is the income of the households and…
Q: B44. What do you understand by cyclicality of the fiscal policy?
A: Fiscal policy is a policy taken by the government of a country by controlling public expenditure and…
Q: 2 - D please
A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…
Q: True or False 1.Budgeting for the government is far more complicated, the federal government has…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Interest rates are a key weapon in fiscal policy Select one: a. False b. True
A: Fiscal policy is aimed at affecting the economic activity through fiscal tools. These tools include…
Q: Willam H. Branson" of "Macroeconomic Theory and policy" states that the "Fiscalist Model is an…
A: Monetary policy is policy in which the central bank change money supply to affect the interest to…
Q: Typical goals for fiscal policy are A. high employment and price stability. B. high prices for…
A: Fiscal policy: These are the policy measures that are often being introduced by governments around…
Q: What is Fiscal policy? Is the answer A? Fiscal policy is when the government could spend more money…
A: Fiscal policy means the government's use of spending and taxation to influence the economy. It…
Q: 12. What is the purpose of the following fiscal policies? a. Contractionary b. Expansionary fiscal…
A: In economics and political science, fiscal policy is the use of government revenue collection and…
Q: 1. Explain how each component in fiscal policy is used to solve the economic problem and illustrates…
A: Fiscal policy consists of three main components: 1. Receipts from the government2. Government…
Q: 7. Non-discretionary fiscal policy designed to counteract a reduction in aggregate demand might…
A: A non-discretionary fiscal policy refers to the government action or policy thay acts to deal with…
Q: From 1980 to 2010 there were: only surplus budgets by the federal government. only deficit budgets…
A: The difference between S( total spending) and R( total revenue) of the government is known as…
Q: Which of the following would most likely occur if the federal government decreased its spending and…
A: During a period of full employment, the economy is operating at or near its maximum potential…
Q: An "inflation tax" is often associated with a a speculative real estate boom. the higher interest…
A: Inflation refers to the increment in the general prices of commodities in the country.
Q: Comment on either (a) the type of fiscal policy or monetary policy that is currently being…
A: Answer(a) The current fiscal and monetary policy can be in such a way that various considerations…
Q: 2. Give three examples of governments whose use of fiscal policy leaves a lot to be desired? Explain…
A: GDP is the total value of all goods and services produced within a country's borders over a specific…
Q: Please correct answer
A: The president's executive office consists of offices and agencies that support the president's work…
Q: J 7 What curve is meant to impacted by fiscal policy? What direction do policy makers hope to shift…
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Fiscal policy can be classified into which two groups? A. Keynesian and classical B. discretionary &…
A: Fiscal policy refers to the government action to influence the market by making changes in taxation…
Q: What are the 3 tools for fiscal policy? How would they be used for expansionary stabilization?…
A: Fiscal policy is a tool used by the government to influence a country's economy. There are two types…
Q: Give a real-word example from social media that demonstrates an understanding of the fiscal policy,…
A: The economy's output is not always at the potential level in the short run causing some adverse…
Q: In 2019, the government collected $550 billion in taxes and the government had a $120 billion budget…
A: Budget Deficit occurs when government spending exceeds the revenue collected by government. Budget…
Q: What is the potential trade-off between using fiscal policy to stimulate economic growth and…
A: Fiscal policy refers to policy measures and decisions implemented by the government related to its…
Q: iscal policy affects aggregate demand because: government spending is a category of aggregate…
A: Fiscal policy involves the use of taxes, government spending, and transfer payments to promote…
Q: (c) The Bank of England has a target of keeping inflation at 2%. Central banks around the world that…
A: Since you have asked multiple question , we will solve the first question for you . If you want any…
Q: 1. Since 2010, the UK government has made some progress in reducing the budget deficit by…
A: A government generally regulates the market through fiscal measures, the measures can be of two…
Q: a. What are the fiscal policy tools the government can use to expand an economy that is in a…
A: Monetary policy and fiscal policy are tools of the government that helps to achieve the objective,…
Q: How does fiscal policy help the Philippine economy?
A: The government's tax and expenditure policies are referred to as fiscal policies. There are two…
Q: 1. What is a minor but important change you would like to see applied to fiscal policy? 2. What is…
A: Here we need to address the changes in fiscal and monetary policy which will increase the…
Q: reduction in government expenditure or an increase in taxes is defined as:
A: Expansionary policy is employed with the aim of boosting aggregate demand when private demand is…
Q: a. In which instance would "crowding out" likely become a concern? A balanced budget law prevents…
A: Introduction: Crowding out refers to a situation where increased government borrowing to finance…
Q: The economy of Morin is shown in the figure below. The Economy of Morin AD AS 170- 150- 130- 110- 90…
A: a. Potential GDP is denoted by the Long-run Average Cost. It is given that potential GDP (Y*) is…
Q: One problem with fiscal policy is that it can lead to crowding out. Crowding out is defined as:…
A: According to classical economists, the expansionary fiscal policy in which governmentspending i.e.…
Q: Suppose the economy has unemployment level close to 15%. A proper fiscal policy might be which of…
A: Unemployment occurs when people who are able, willing and looking for jobs are unable to find jobs.…
Q: A fiscal policy proposes cuts in tax rates on businesses in order to to stimulate investment and…
A: Fiscal policy refers to the one that is implemented by the government with the aim of stabilizing…
Q: When the government deliberately alters its level of spending and/or taxes in order to achieve…
A: ‘Fiscal policy’ refers to the use of ‘government revenue collection’ & expenditure to influence…
Q: A. Calculate the levels of consumption and savings that occurs when the economy is in equilibrium.…
A:
BQ.1.2
Distinguish between monetary and fiscal policy.
Step by step
Solved in 2 steps
- 34. Which one would have the greatest effectSocial Security and Medicare create a fiscal gap because _______. A. the benefits today exceed the tax revenues to support these programs B. outlays on these programs today minus tax revenues contribute to the government budget deficit C. future generations will have to pay for the benefits received by the current generation D. the present value of current and projected future outlays exceeds those of future tax revenuesThe Malaysian government has introduced a new committee as a fiscal management reform initiative. This committee is known as ____. A.Public Mutual Committee / Jawatankuasa Awam Bersama B.Jawatankuasa Pemungut Hutang / Debt Collector Committee C.Public Account Committtee / Jawatankuasa Kira-Kira Wang Awam D.Debt Management Committee / Jawatankuasa Pengurusan Hutang
- D4. Discuss two reasons why discretionary fiscal policy (expansionary & contractionary) may be ineffective?The two main categories of government revenue are: a. Income from Public Secior Bodies and Dividends. b.Revenue Receipts and Capital Receipts c. Tax Revenue and Income from loans d. Direct Taxes and Indirect Taxes A "Vote on Account" as stated by Brandy occurs? a. If the budget has not yet been approved by parliament prior to the start of the budget year, and a temporary authorization is made. b. When the Auditor General vote for the approval of a budget that was prepared, and paid by the government according to stipulated regulations and guidelines. c. When the Accountant General vote for the payments of budgeted sums from the government's main bank account to the respective ministries and departments d. When Parliamentarians vote for the approval of the national budget. Which of the following general appropriation rules are incorrect? 1. Transfer between budget items are generally stated in the financial regulations. 2. Budget may not include authorization for forward commitments…On this graph show and explain the impact of the fiscal packages policy implemented in Trinidad and Tobago due to COVID-19
- Course dashboard The difference between what a government spends and what it collects in taxes in a year is Lütfen birini seçin: O A. the government debt O B. none of the answers O C. net taxes O D. the government budget deficit or surplus O E. net revenue UYGULAMAYI BİTİR GDP Geçiş yap. MİDTERM Y1. A serious problem with fiscal policy is thata. All countries borrow heavily from foreigners, which involves great risks b. Fiscal policymakers are independent from political pressures and hence often ignore what would be the common good of the people c. The temptation for politicians to win votes by overspending is too great and is often not controlled d. The policy, once implemented, usually has no impact on theeconomy 2. It is probably fair to say that a. The very high government debt at the present time is a result of fiscal policymakers (politicians) using their tools inappropriately b. The very high government debt at the present time is a result of the expansive policies enacted during a deep economic crisis c. The very high government debt at the present time is a result ofautomatic stabilizers which caused large deficits during the crisis d. All of these factors have contributed to the large government debt4. The government decides to pursue a policy of keeping the amount of tax revenue it collects to be a fixed amount. In terms of tax rates, is this policy pro-cyclical, countercyclical, or neutral? Is this a good policy for the government to adopt?
- 1. Suppose the economy has fallen into a recession (output level ?0), and the federal government wants to return the economy to its original level of output (?). Respond to each of the following questions using appropriate diagrams and explanations.(a) If policy makers can only use fiscal tools, what should they do?(b) If policy makers can only use monetary tools, what should they do? (c) What should they do if they want to return output to its original level but keep investment from changing?28. Which ones correctIn contrast to the U.S. federal government budget, the budgets of most states (for example, lowa) are required by law to stay in balance, or fairly close to balance. Is this statement true or false? True O False
