The debate over using government spending and taxing powers to stabilize the economy involves more than technical economic issues. Do you agree or disagree? Explain your answer

Q: Describe three ways in which government spending can be financed

A: Government spending on goods and services is one of the major components of aggregate demand.…

Q: Should the United States government attempt to operate under a balanced budget? Why, or why not?

A: In an economy, government budget refers to the statement under which government record preplanned…

Q: How do you see the actions of America's national government affecting your everyday life? What…

A: The national government can influence an individual's daily life in various ways. The following will…

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

A: The answer is as follows:-

Q: Do you think that conventional fiscal policy is different from islamic fiscal policy?

A: Introduction The term "fiscal policy" describes how the government uses its tax and spending laws to…

Q: TRUE/FALSE Spending by local governments to stimulate or slow down their local economies is an…

A: The Fiscal Policy (FP) is a tool of government to adjust the economy. The Monetary Policy is a tool…

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: When the economy is in recession, government revenue falls due to a falling tax base. Therefore the…

A: Fiscal policy is the adjustment of spending and taxes by the government with a purpose to maintain…

Q: Discuss examples of the different ways that the government intervenes in the economy.

A: Government intervenes refers to an action plan of government or public entity in order to have a…

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: Describe how the government in Canada is structured.

A: The legal and social framework, the maintenance of competition, the provision of public goods and…

Q: 2. Fiscal policy Suppose a hypothetical economy is currently in a situation of deficient aggregate…

A: There is an output gap of $32 billion. To fill out this o/p gap or to help the economy to come out…

Q: Why are expenditures such as crime prevention and education typically done at the state and local…

A: The central government will be of uniform nature throughout the country. The state of the local…

Q: How fiscal policy works, and its benefits.

A: Fiscal policy is the use of taxation and spending to influence the economy. It determines how much…

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: Should the Federal budget always be balanced? Explain

A: Federal budget consists of revenue and expenditure by the federal government.

Q: Explain how the government can use fiscal policy and monetary policy to reduce unemployment.

A: The government can influence the economy through fiscal policies, while the central bank can…

Q: Tools ofmonetary policy and fiscal policy?

A: Monetary policy is the macroeconomic policy used by central bank in order to affect money supply and…

Q: How should the government execute Fiscal Policy?

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

Q: During difficult economic times, why are uniform across-the-board budget cuts poor fiscal policy?

A: Difficult economic times refer to periods of economic downturn, characterized by a significant…

Q: Refusing to pay taxes because you disapprove of how the money is being used by the government is an…

A: Taxes are described as a legal payment made by citizens of a country to the government that is…

Q: What are some of the problems or challenges of fiscal policy application?

A: When the government  uses spending and taxes policies to influence the economic conditions,…

Q: What should be done to combat inflation or an economy that is growing too quickly using fiscal…

A: Answer: When an economy is experiencing inflation or growing too quickly then the contractionary…

Q: Why does a balanced budget increase in spending and taxes increase aggregate demand?

A: balanced budget increase in spending and taxes mean that, both government spending (G) and taxes (T)…

Q: How does government spending pose a challenge to a business? And to the wider economy?

A: The government can pose a challenge to the businesses and to a wider economy in a number of ways.

Q: Which of the following is NOT a category of fiscal policy? Government policies regarding the…

A: Government's fiscal policy is a policy relating to government's expenditure and finance.It is the…

Q: elaborate on two primary functions of the government in the economy.

A: The government plays a crucial role in the economy through various functions, but two primary ones…

Q: Who has a better chance at getting a high paying job as an economic policy advisor in a republican…

A: In the republican administration Keynesian economists have higher chance for getting a higher paying…