14. What are the three tools of fiscal policy? Tixes a. b. c.

Q: Explain why fiscal policy actions typically work with a lag

A: The influence that the govt has on the economy via the use of taxation and expenditure is referred…

Q: diagram, in which Tis tax revenues and G is government expenditures. All figures are in billions of…

A: Budget deficit = G-T at full employment level of $400 billion G=60 billion and T=40 billion     1.…

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: Show and explain how an expansionary fiscal policy can cause crowding-out effect by using aggregate…

A: The phenomenon, whereby increased government expenditure may lead to a squeezing of private…

Q: 170 170 850 ructions: In part a, enter your answers as a whole number. In part b, round your answer…

A: A) Actual Real GDP = $550 Potentail Real GDP = $650 Government spending at real GDP of $550 = 170…

Q: Bldentify the impact that each of the following changes in fiscal policy woula have on the level of…

A: The fiscal policy refers to the government policy of expenditure and taxes. The change in government…

Q: 2. When the government runs a fiscal deficit, it finances it by: a. issuing stocks…

A: When a government's income falls short of its expenditures, a fiscal deficit results.A government…

Q: xplain how a larger government budget deficit increase the magnitude of the crowding-out effect?

A: Fiscal Policy is a macroeconomic tool that is used by the government to change the aggregate demand…

Q: 1) Under which of the following scenarios would an expansionary fiscal policy be more effective?…

A: In an economy, expansionary fiscal policy refers to the situation when government tries to increase…

Q: 1. When the federal government spends more than it takes in via taxes, it runs a fiscal deficit. A…

A: A budget basically refers to a financial plan that covers a certain time period, generally a year.It…

Q: Explain how a larger government budget deficit increase the magnitude of the crowding-out effect?

A: Fiscal policy refers to the changes in federal government purchases and taxes. The government…

Q: 12. What is the purpose of the following fiscal policies? a. Contractionary b. Expansionary fiscal…

A: In economics and political science, fiscal policy is the use of government revenue collection and…

Q: 1. Explain how each component in fiscal policy is used to solve the economic problem and illustrates…

A: Fiscal policy consists of three main components: 1. Receipts from the government2. Government…

Q: 2. If a government runs a budget deficit of $10 billion dollars each year for ten years, then a…

A: * ANSWER :-  * (2) as based on given data ,

Q: a) How can the government use fiscal policy during a downturn to stimulate the economy?

A: Fiscal policy is the use of government tax collection and expenditure to impact the economy of a…

Q: a) What is automatic stabilizer in this context of fiscal policy? Explain with examples

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: 2. What is the largest component of the federal budget? A) Entitlements C) Defense B) Net interest

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What are the 3 tools for fiscal policy?  How would they be used for expansionary stabilization?…

A: Fiscal policy is a tool used by the government to influence a country's economy. There are two types…

Q: 1) Distinguish between discretionary and nondiscretionary fiscal policy.

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is a true statement in reference to the national debt? a. It is almost…

A: 4. The answer is - e. As a percentage of GDP, it has steadily grown since World War II.

Q: 18)What action could the TCMB take to reduce the crowding-out effect of an expansionary fiscal…

A: The fiscal policy is the policy of the government regarding financial matters such as taxation and…

Q: 14. A government increase government spending in an economic recession. Fiscal policy in that case…

A: An economic recession is a situation in which the GDP of the economy is at a very low level. The…

Q: Suppose that the economy is in a recession as a result of a fall in investment spending and real GDP…

A: (a)Following below is the graph depicting the aggregate demand level during recession: From the…

Q: 1. If inflation is a major issue in the economy, what would be the correct fiscal policy response…

A: Answer: Inflation: it refers to the rise in the general prices of goods and services during a year.…

Q: Why is the tax multiplier smaller than the government spending multiplier?

A: In a market, the government has two ways to influence the behavior of market factors. It may change…

Q: In a government budget revenue deficit is $ 60,000 billion and the borrowings are dollars 76,000…

A:

Q: 1. Why do we need fiscal policy?

A: Fiscal policy refers to the government’s decisions about government spending and taxation to…

Q: What are the implications of fiscal administration in the economy? Cite at least three significance.

A: Fiscal administration: Fiscal administration is the process of administrating the fiscal policy…

Q: b) If there is a serious gap in demand what will be the results aa) without and ab) with fiscal…

A: b) Demand gap= Available demand in the period- Our visible demand in the period The difference…

Q: Instead of paying transfer (TR) if the government were to increase government spending (G), what…

A: In the IS-LM model, when TR are paid by the government, it raises the disposable income (YD) of the…

Q: Critically explain why governments use the expansionary fiscal policy.

A: The policies which have an influence on the economy, when the government adjusts its spending amount…

Q: Using examples from 2008-currently, explain fiscal policy. In your answer be sure to include what…

A: Main objective of any economy is stabilisation, economic growth, employment generation and poverty…

Q: 1. What is the role of the Council Economic Advisers (CEA) as it relates to the effectiveness of the…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Refer to the accompanying table for Waxwania.   Government Expenditures, G Tax Revenues, T Real GDP…

A: Average tax rate = (Tax paid / Taxable income) => Average tax rate = (Tax revenue / Real GDP)…

Q: What is Fiscal Policy? Discuss types of Fiscal policies?

A: (Q) What is Fiscal Policy? Discuss types of Fiscal policies?

Q: A: What are the three fiscal policy tools?     B: How would change each tool if your goal was to…

A: Fiscal policy refers to changes in government purchases and taxes, which are intended to achieve the…

Q: The U.S. is in a recession due to decreased Aggregate Demand in the economy. Should the government…

A: When there is a financial crisis in the economy or a rise in interest rates, fall in the prices of…

Q: What is government surplus or deficit

A: Equilibrium level of formula;  Y = C + I + G

Q: 1. What is fiscal policy? 2. What are the shortcomings of fiscal policy? 3. What is supply-side…

A: In macroeconomics, the government and the central bank plays a very important role in stabilizing…

Q: Please answer the following question: 1. What is the largest component of the federal budget? A)…

A: A budget is a document that the government creates that includes a list of all the planned revenue…

Q: Explain the Economic Concepts of the Fiscal Policy : 1. inception   2. tools   3. goals

A: 1. Fiscal policy can be used by the government in order to stabilize the economy. Primarily in…

Q: Why did some governments feel that they had to introduce “austerity” fiscal policies soon after the…

A: A Fiscal Policy is an instrument of the government and reefers to the use of government spending and…

Q: List and discuss the

A: Fiscal policy is the utilization of government spending and taxation to influence the economy.…