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?

Q: How do the purpose and structure of the executive and legislative branches of governments affect the…

A: To find : Purpose and structure of executive and legislature branches of government affects power of…

Q: Question: Counter-cyclical fiscal policy involves: A) Keeping government spending and taxes constant…

A: The question is asking about the nature of counter-cyclical fiscal policy. Counter-cyclical fiscal…

Q: Taxes are a burden and an obligation and people have a negative attitude towards their tax…

A: Taxes are levies levied by the government on residents' incomes, products, and other assets, which…

Q: United States, the various state governments almost all have laws that require them to balance their…

A: Expansionary fiscal policy is utilized to launch the economy during a recession. It supports total…

Q: What are the main reasons/statistics that have encouraged the government to look at student debt…

A: The default rate is rising, and many graduates are struggling to repay their loans. Graduate…

Q: Analise what happens with the price in case of the deficit and overproduction.

A: In economics terms, a deficit happens when expenses surpass incomes, liabilities surpass assets or…

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: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: given                                                            Federal government expenditure…

Q: Explain the difference between discretionary and automatic spending by the government.

A: Both discretionary and automatic spending by the government are the tools of fiscal policy a…

Q: Which of the following is a significant revenue source for state and local governments, but not the…

A: Taxes are the amount charged by the government for the services provided and are the means of…

Q: Income before tax (dollars) 0 20,000 40,000 60,000 80,000 Tax plan A (dollars) 0 2,000 5,000 10,000…

A: In a progressive tax structure is a tax structure in which the tax burden increases as taxable…

Q: a. From 2015-2020, in how many years was the CBO too optimistic (underestimating the deficit)? b.…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: What are the main categories of U.S. federal government spending?

A: Government spending is a fiscal tool used by government for adjusting the economy.

Q: Please write your paper per the syllabus on ALL of the following links and one attachment. Your…

A: The objective of this question is to analyze the macroeconomic policies of three different…

Q: Historically, which of the following are reasons that a large US public debt might not threaten to…

A: An increase in US public debt might not threaten to bankrupt the Federal government on account of…

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: There is a change in the law and tax accountants now need only one year of training to prepare taxe…

A: If the wages of the worker's increases or decreases then there will be no shift in the labour supply…

Q: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: The budget deficit = Government expenditure - Government revenue Primary deficit = Budget deficit -…

Q: Assume a government has $28,667 in tax revenues and $40,094 in total government spending. What is…

A: Answer; Government budget balance= Tax revenue-total expenditure Here, Tax revenue = $28,667 and…

Q: digital tax

A: The digital service tax(DST) is a type of tax imposed on the total revenue(TR) earned by the…

Q: The PAYGO budget requirement means: a. that only programs generating revenues may be proposed for…

A: A government's budget records the revenue and spending anticipated by the government in the coming…

Q: d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total…

A: Formulas: The percentage of total revenue made up of corporate income taxes = corporate income…

Q: Question: What is "Fiscal Policy"? Is the fact that the Federal Reserve is raising interest rates a…

A: Fiscal policy: Policy of government to increase or decrease inflation,to maintain stable growth in…

Q: f Congress and the president decide an expansionary fiscal policy is necessary, then they should…

A: Fiscal policy is related to government spending and taxes. Fiscal policy is a policy in which the…

Q: What was the budget agenda for President Barack Obama's administration?

A: Barack Obama's term as the 44th president of the United States started with his foremost…

Q: What finances the majority of federal spending? Explain your answer with the clear and supportive…

A: Government spending refers to the expenditure made by the government on national defense, education,…

Q: Why does the budget require a forecast of the economy? Under what circumstances would actual…

A: A budget is a financial document or the financial plan of an economy which includes the planned…

Q: b. The rate on the highest tax bracket shot up shortly after the income tax was introduced; it then…

A: A tax is a compulsory financial charge or levy imposed on a taxpayer (an individual or legal entity)…

Q: Explain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what…

A: Macroeconomic unpredictability and uncertainty may have been caused by an assortment of internal as…

Q: 6. Taxes where high income households pay a higher percentage of their income in taxes than low…

A: A tax is a charge being levied by any government upon an individual or an organization for…

Q: 4)  Why should the federal government not be required to balance its budget while state and local…

A: A budget is a financial plan for an economy. the budget is the plan which is made or drawn for a…

Q: How much fiscal stimulus or restraint occurred between

A: Fiscal stimulus refers to the amount by which the structural deficit in a nation rises. It can also…

Q: Suppose there is a deflationary gap in the economy and the government plans to introduce…

A: Deflationary gap is defined as the difference between full employment level and the actual output.…

Q: 2. What are the budget revenues for a government to finance government spending?

A: The government as an economic agent would result in the income of the government to finance the…

Q: Suppose you earn $50,000 per year and pay taxes based on marginal tax rates. The first tax bracket,…

A: A tax is a payment made by citizens to the government in exchange for the services it offers.A tax…

Q: List the 3 major revenue sources and 3 major expenditures in the 2022-2023 U.S. budget. How much…

A: The practice of estimating income and spending in order to build a financial plan is known as…

Q: The table below presents the tax revenue and spending for the government over five years Government…

A: Introduction: Government income, often known as national revenue, is the money that a government…

Q: Refer to the following graph. Tax revenue C Tax rate

A: The above graph highlights the relationship between tax revenue and tax rate. The revenue will be…

Q: What is your take on the amount of money politicians spend on political campaigns? Does it have a…

A: The politicians usually spend money during the period of elections. This is done in order to reach…

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.