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- a ssume HPC =0.80 and that taxes are at by64billion goverment purchases are increused by $4billion Accord ing to keynesian analy sis (fiscal policy) How mich will ŘGDPchang e? will it increase or deciease?Which of the following statementsabout how fiscal policy should mostappropriately be used in a crisis iscorrect? a. If fiscal policy is usedappropriately, a fiscal deficitshould appear duringrecessionary gaps and asurplus during inflationary gaps b. Fiscalpolicy should be used at anyand all points of the cycle toaccelerate growth c. None of these statements iscorrect d. If fiscal policy is usedappropriately, a fiscal surplusshould appear duringrecessionary gaps and a fiscaldeficit during inflationarygapsWhich of the following statements about the economic fallout of the Covid-19 pandemic is false? O. Congress acted quickly and responded with unprecedented stimulus programs tohelp households and business that have been hurt because of the Covid-19 pandemic.O. The financing of fiscal stimulus packages significantly reduced the ability ofprivate sector firms to borrow in the loanable funds market.O. In the early months of the Covid-19 pandemic, unemployment agencies wereunequipped to handle the large volume of insurance claims.O. Millions of people have become unemployed because of the Covid-19 pandemic.
- There is currently a political and academic controversy whether or not stimulus packagesagainst the Covid-induced economic recession will cause inflation. Professor OlivierBlanchard has warned that the stimulus package of the US-administration may lead toinflation in the US. However, he does not see inflation dangers emanating from stimulusprograms in the Eurozone. The Next Generation EU program is not only considered to be a stimulus program but also tobe a growth program, which by spending on infrastructure and climate-related investmentsis expected to lead to an increase in potential output.Analyze in an AD-AS model the impact of economic growth on actual GDP and the pricelevel. Also elaborate on the role that an additional demand stimulus could play.Fiscal policies are concerned with the revenues, expenditures and borrowings asinstruments in economic development. Discuss the interplay of these fiscalinstruments and the problem involved in each. How can the governmentovercome such problem?Which of the following statements about Fiscal Policy is INCORRECT? choose the correct answer(a) In order to combat inflation, the South African Reserve Bank must apply acontractionary fiscal policy;(b) A contractionary fiscal policy can result in higher levels of unemployment; (c) Expansionary fiscal policy will increase the budget deficit; (d) The application of fiscal policy will have no effect on aggregate supply in theAD‐AS model
- Pls help with below homework. How can fiscal policy tools be used to address the problem of inflation? Please provide two real life examples including the reasoning (expected results) for the policy.If the economy is in a recessionary period how, specifically, might the government use their three tools? three tools change the tax rate change the level of govertment spending change transfer paymentsPredict on Ghana’s debt and its sustainability resilience for the next five years and do a graphical analysis of Ghana’s debt sustainability and its regional peers Discuss the other key macroeconomic variable aside the debt situation and project them on how Ghana’s situation may look like in the next 5 years Indicate the usefulness of Ghana’s debt sustainability resilience and how it will help Ghana’s for policy assuming you were an adviser to Ghana’s finance minister.
- It is said that, the national budget is an annual development plan for the state and it is more than ordinary financial statement. Covid-19 epidemic outbreak has had a devastating impact on most economies specially Ghana. It therefore requires expert knowledge and prudent economic decision making to recover the economy. As a special assistant to the Minister of Finance, indicate the macroeconomic targets you will consider appropriate to be factored into 2021 national budget? Demonstrate clearly in each case how the performance targets set could be achieved using appropriate economic policy measures.Why do the key macroeconmic policy objectives of any goverment frequently contradict eachother and why must no one objective be allowed to take priority?Ricardian equivalence: Suppose that the government fears the economy mightbe heading into a recession and decides to cut income taxes today in an efortto prevent the recession.