spending51. Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in thaa. The former deals with interest rates and the latter deals with tax policyb. The former is built into the system whereas the latter requires timely decisionsC. The former requires timely decisions whereas the latter is built into the systemd. The former deals with tax policy and the latter deals with interest rates52. An eyamnlo of nondigountifigool noliey would be

When the fiscal policy is used to shrink or slow down the economy by changing the expenditures and…

Answered: S1. Discretionary Fiscal Policy differs…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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6. The amount by which federal tax revenues exceed federal government expenditures during a particular year is the A. public debt. OB. budget deficit. O C. Federal Reserve. D. budget surplus.
Assume that the economy experiences very high increasing energy prices. 1. Explain about what counter cyclical fiscal policy should be used. (Use the macroeconomic approach and include diagram)
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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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Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation of all parts
A Moving to another question will save this response. Question 23 Fiscal policy can move us to equilibrium at Full Employment by O a. these are all possible fiscal policies to bring us to full employment. O b. bailing out troubled industries with special subsidies like the "paycheck protection" during the pandemic. O c. making changes in G, net government spending. O d. changing tax rates people have to pay. A Moving to another question will save this response. tab 1 Q ABA 2 W E R T
12. The national debt in the current year is equal to the national debt at the beginning of the year minus the annual budget deficit. a. b. equal to the national debt at the end of the year plus the annual budget deficit. equal to the national debt at the beginning of the year plus the annual budget deficit. C. d. none of the above. H. I
Read the following premise carefully and answer the questions specifically and in detail. "In the face of unstable economic growth due to a recession or accelerated inflation, the potential problems of high public debt include increased income inequality, reduced economic incentives, and crowding out private investment." A. Express in detail the effects of expansionary and contractionary fiscal policy on income and the price level. B. Using the premise presented as a basis, argue about the intervention of fiscal policy as an instrument to promote the growth, sustainability and economic stability of a country. (Gives an example in detail.)
21.

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