Entitlement spending is Group of answer choices is another word for Discretionary Spending required by law, and can be changed every fiscal year is the largest category of the Federal Budget includes spending on education, transportation, and international affairs Both B and C are correct

Q: Refer to the "In the News" and the figure to answer two questions IN THE NEWS Fiscal Policy in the…

A: Financial restraint is a bunch of financial strategies that set out lease open doors in the banking…

Q: According to the traditional view on government debt, a tax cut without a cut in government…

A: The governments use fiscal and monetary policies to achieve certain economic goals. The fiscal…

Q: Explain the role of the Presidency and the Congress in the budget proces

A: A budget process refers to the mechanism by which a budget is generated and approved by government.

Q: Initially, there is no output gap and inflation expectations are 2%. Then, expansionary fiscal…

A: GIVEN   Initially, there is no output gap and inflation expectations are 2%. Then, expansionary…

Q: Which of the following would be a fiscal policy prescription for ending inflation? A) Raise taxes…

A: Inflation is the incident when the general price-level(P) of the economy rises over time. The…

Q: The US government has recently announced and started to implement a large-scale fiscal expansion to…

A: To boost the economy from the pandemic affect US fiscal stimulus which means using Expansionary…

Q: If the government tries to reduce inflation when the production level in the country is higher than…

A: Fiscal policy is a tool used bu government to bring the economy back to full employment.

Q: When the government increases spending (expansionary fiscal policy), inflation and employment are…

A: Fiscal policy refers to the policy that is implemented by the government through tax rates and…

Q: Fiscal Policy: End of Chapter Problem   Examine what the "three difficulties with using fiscal…

A: Answer - "Thank you for submitting the question. But, we are authorized to solve only 3 subparts .…

Q: An expansionary fiscal policy: (Select All that Apply) Helpful Hint: There are 4 correct answers. O…

A: Fiscal policy is sometimes compared with monetary policy, which is determined by central bankers…

Q: Capital budgeting refers to the idea that.. а. The government directs a fixed percentage of its…

A: Introduction Capital budgeting refers to investment decision so that maximum profitable can be…

Q: Fiscal policy refers to the: O deliberate changes in government spending and taxes to stabilize…

A: Fiscal policy is related to government.

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: 42. Automatic stabilizers include all of these EXCEPT a. tax revenues. b. transfer payments. c.…

A: As per guidelines, we will answer the first question.

Q: Describe the following term in your own words. Balanced budget

A: Budget shows the total receipts(income) and total expenditure of the government in a fixed period of…

Q: How do (a) Income tax during inflation, (b) Unemployment benefits and other transfer payments during…

A: Automatic Stabilizer:-  Automatic stabilizers are long-term governmental programmes that modify…

Q: Label each of the following scenarios in which there are problems enacting and applying fiscal…

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

Q: If the primary goal is to reduce inflation, which of the following fiscal policy actions would be…

A: Fiscal policy refers to change in government expenditure and revenue(taxes) in order to achieve…

Q: Fiscal policymakers are faced with a $6 trillion dollar inflationary gap and are worried about…

A: Inflationary gap = $6 trillion  MPC = 0.9 Change in tax = 0.5 trillion

Q: The structural component of the government budget is: affected by changes in the level of economic…

A: The following problem has been solved as follows:

Q: The nation of Cantania regularly experiences changes in its national budget situation. In some…

A: Budget Deficit: Government spending > Government revenue Budget Surplus: Government spending <…

Q: How do the instances when expansionary fiscal policy should be used compare with those for…

A: The use of government spending and tax policies to impact economic conditions, particularly…

Q: Determine whether the following government actions are discretionary or nondiscretionary spending.…

A: Discretionary fiscal policy is a policy action aimed at stabilizing the business cycle. Non…

Q: Assuming that the money demand function depends on income, the interest rate and the price level as…

A: Multiplier refers to the level of change in income due to changes in the investment level. Marginal…

Q: True/False # Government budget is a statement of actual receipts and payments of the government for…

A: A government budget is a report ready by the government or potentially other political element…

Q: when large governemnet budget deficits are financed by _____ hyperinflation occurs

A: Hyperinflation is defined as inflation that is very high and rapidly increasing, resulting in a…

Q: Assuming a constant money supply, government expenditures can be financed by which of the following?…

A: An increase in government expenditure increases budget deficit, which the government needs to…

Q: An infrastructure plan more than $1.1 trillion on July 28, 2021 is an example of…

A: The fiscal policy would result in the policy which would result in the policy which would result in…

Q: As an economist and based on the impact of COVID-19, identify and justify economic and fiscal policy…

A: The government has made a decisive move to contain and relieve the spread of the infection and to…

Q: Which of the following statements about state budget is wrong? a. Budget may be annual or biennial…

A: In an economy, government budget plays a significant impact on the overall growth and development of…

Q: 2022 budget: China increases public spending to stabilize economy. China plans to expand public…

A: IS curve shows the negative relationship between the interest rate and output. The IS curve is…

Q: at the interest rate r. 1. Write down the government intertemporal budget constraint. Note that the…

A: * ANSWER :-  *(1)

Q: Calculate the value of total expenditure when the budgetary deficit is given to be as $12,000…

A: we know that the difference between the total expenditure and the total receives always give us the…

Q: Crowding Out Effect for private borrowers may come due to the fact that Lenders prefer to lend money…

A: please find the answer below.

Q: Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the…

A: Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the…

Q: b. Discretionary spending accounts for approximately of the federal budget, whereas mandatory…

A: Discretionary spending refers to the government expenditure that is not pre-planned by the…

Q: Which of the following scenarios is an example of an administrative lag? a)Policy makers obtain…

A: When government takes action against the instability of the economy then the policy measure is…

Q: For the U.S. government, which of the given is NOT an example of discretionary spending? defense…

A: Answer is Medicare. Medicare spending is not an example of discretionary spending and it does not…

Q: There is a consumer who lives for two periods. His income is given by Y1 and Y2. He has access to…

A: Since the question you have posted consists of multiple parts, we will answer the first two…

Q: Fiscal policy includes all of the following, except: O Borrowing Transfer payments (TP) wages…

A: Fiscal policy refers to the economic policy that is implemented by the government of a country to…

Q: Parliament is debating the option of implementing a value added tax (vat) as a means to cut the…

A: The economics as a study is associated with the decision making phenomenon where the entities in the…

Q: Assume that the nominal interest rate is 11 percent, the inflation rate is 8 percent, and government…

A: Inflation is the rise in general price level of goods and services over period of time. fisher…

Q: onary Fiscal Policies while others are in favor of Expansionary Monetary Policies. Prepare a…

A: Monetary policy involves changing of the interest rate and influencing the supply of money.Fiscal…

Q: To combat inflation, the federal government could apply which fiscal policy? decrease government…

A: Fiscal policy refers to changes in government spending and taxes.Monetary policy refers to changes…

Q: Part of the spending on the Caldecott Tunnel project in northern California came from the American…

A: In an economy, fiscal policy is when government make changes in aggregate demand and other…