We would expect Canada's cyclical deficit or surplus to equal zero when Select one: O A. the primary budget deficit is zero. O B. the government is not reporting all of its expenses. OC. the overall government budget is balanced. OD. the debt-to-GDP ratio is stable. O E. the economy is at full employment.

We would expect Canada's cyclical deficit or surplus to equal zero when Select one: O A. the primary budget deficit is zero. O B. the government is not reporting all of its expenses. OC. the overall government budget is balanced. OD. the debt-to-GDP ratio is stable. O E. the economy is at full employment.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the figure at right. Government policy that moved the economy from A to B would be accomplished by O A. an expansionary fiscal policy combined with a contractionary monetary policy. O B. OC. a contractionary fiscal policy combined with an expansionary monetary policy. a contractionary policy that would reduce the rate of inflation and would cause workers to remain unemployed longer than they were before. O D. raising the minimum wage. Inflation Rate 2.5 A B I 6 D Unemployment Rate
Please help 46
An expansionary fiscal policy that takes the form of an increase in government purchases carries the possibility that private investment and, as a result, the future growth rate of O a. Is crowded out, potential output is reduced. O b. Rises to an unsustainable level; real GDP is reduced. O c. Increases, net exports increases. O d. Is crowded out; corporate tax revenue is reduced. e Increases, aggregate demand increases.
QUESTION 30 As discussed in class, which budget balancing philosophy is associated with causing the business cycle's peaks and troughs to remain closer to the trend line on the business cycle graph? O a. balancing the budget annually Ob. the automatic stabilizer approach O c. balancing the budget over the business cycle Od. the crowding out approach Oe. the functional finance approach Of. both b and c O g. both c and e 27
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The government might be encouraged to finance its debt through seigniorage because: a. printing money reduces the price level and thus reduces the real value of government debt. O b. seigniorage is widely considered the best solution to huge fiscal problems. O C. None of the other choices are correct. O d. it is easier to print money when the central bank does not accommodate the government's deficit.
The difference between total federal debt issued and total federal debt "held by the public" is which of the following? O Federal debt held by foreigners. Federal debt held by the fed for use in monetary policy. Federal debt held by international organizations. Federal debt held by government agencies.
Given an upward-sloping short-run AS curve, expansionary fiscal policy (ceteris paribus) will result in: (i) Higher prices in the short run (ii) Higher output in the short run (iii) Higher prices in the long run (iv) Higher output in the long run O a. Only (i) and (ii) O b. Only (iii) and (iv) O c. Only (ii) and (iii) O d. Only (i) and (iv)
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Suppose the stock of government debt in Canada at the end of one fiscal year is $482 billion. If the stock of debt rises to $501 billion by the end of the next fiscal year, then we know that in that year O A. the government had a primary budget deficit of $19 billion. O B. the government had a primary budget surplus of $19 billion. OC. the government had an overall budget deficit of S$19 billion. D. the government had an overall budget surplus of $19 billion.
Suppose the government incurs more debt to finance new military spending. To what extent will this impose a burden on future generations? O a. Government spending on military is considered investment expenditure. O b. Military spending does not at all benefit the future generations. O c. Government spending crowds out private investment spending. O d. Government debt needed to finance military expenditures is held by domestic entities.