Suppose there are five voters. Their preferences for the amount the federal government should spend to stimulate the economy are shown in the figure to the right. According to the median voter theorem, in a vote, how much will the federal government spend to stimulate the economy? The federal government will spend billion. (Enter your response as an integer.) pending on Stimulus (billions of dollars 1200 1100- 이 1000원 900- 800- 700- 600- 500- 400- 300- 200- 100- الس 0- Greg Kelly Christina Luis Emily

Suppose there are five voters. Their preferences for the amount the federal government should spend to stimulate the economy are shown in the figure to the right. According to the median voter theorem, in a vote, how much will the federal government spend to stimulate the economy? The federal government will spend billion. (Enter your response as an integer.) pending on Stimulus (billions of dollars 1200 1100- 이 1000원 900- 800- 700- 600- 500- 400- 300- 200- 100- الس 0- Greg Kelly Christina Luis Emily

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section: Chapter Questions

Problem 2QP

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Suppose there are five voters. Their preferences for the amount the federal government should spend to stimulate the economy are shown in the figure to the right. According to the median voter theorem, in a vote, how much will the federal government spend to stimulate the economy? The federal government will spend S billion. (Enter your response as an integer.) 1200 1100 1000- 900- 800- 700- 600 2500- 400- 300- 200- 100- Greg kelly Christina Luis
Refer to the News Wire to answer three questions. NEWS WIRE: FISCAL STIMULUS: TAX CUTS Trump Tax Cuts Boost Spending The Tax Cuts and Jobs Act of 2017 seems to be working. Although the lion's share of President Trump's tax cuts went to business, consumers got a tax break as well. For the average U.S. household, the tax cut amounts to roughly $40 a week in take-home pay. That may not sound like much, but with 130 million households, that extra income can pack some punch. According to the National Retail Federation, consumer spending was up 4.8 percent in the first six months of this year. And the government reports that GDP grew by 4.2 percent in the second quarter, the best performance since 2014. There may be other factors at work here, but tax-cut fueled consumer spending is certainly a big contributor. Source: News accounts of September–October 2018. Instructions: In part a, enter your response as a whole number. In parts b and c, round your responses to one decimal…
a) How can the government use fiscal policy during a downturn to stimulate the economy?
Some economists claim World War II ended the Great Depression of the 1930s. The war effort was financed by borrowing massive sums of money from the public. Explain how a war could end a recession. Look at recent and back issues of the Economic Report of the President or the Statistical Abstract of the United States. How large was the federal government’s debt as a percentage of GDP in 1946? How large is it today?
Fiscal policy is spending and taxation of the executive branch of the federal government; in recessionary times, what initiatives in spending and or taxation are going to help the economy?
Consider an economy in which people spend 90 percent of each additional dollar of income they earn. If the government does easy (expansionary) fiscal policy via changing taxes by $2000, what will be the total effect on Y? Carefully follow all numeric instructions. Use a positive number (no sign) to show an increase in Y and a negative number (with negative sign) to show a decrease.
Give typing answer with explanation and conclusion Suppose that the typical Canadian spends 80 percent of their income. There is an income tax rate is 15% per period. If the government wanted to see the effect of a tax cut of $50 billion, what would be the tax multiplier that they would have to use.
A: What are the three fiscal policy tools? B: How would change each tool if your goal was to reduce unemployment? C: How would you reduce each tool if your goal was to reduce inflation? D: Supply shocks cause both unemployment and inflation to increase. Given the results in B and C can fiscal policy be used successfully to reduce both inflation and unemployment at the same time? Explain Do D For the answers for A, B and C - https://www.bartleby.com/questions-and-answers/a-what-are-the-three-fiscal-policy-tools-b-how-would-change-each-tool-if-your-goal-was-to-reduce-une/f3f967cc-fe29-4630-9327-d2e79d57693a
What are monetary, fiscal and growth and supply side policies. How can a government utilize fiscal policy to stimulate an economy that is in a recession, or in a debt crisis? In your answer outline two (2) challenges the government may face implementing a fiscal policy measure.
Find one article describing at least one instance of the use of Fiscal Policy during that 15 year period. For this assignment you may use Investopedia or Wikipedia for your articles. Those sites do provide good explanations of the use of these tools. You could search for articles describing the 2008 fiscal stimulus, the 2017 tax cuts,or the 2020 COVID fiscal stimulus.
discuss the budget cycle.discuss why the annual budget is considered as a political act of state?
Fiscal policy: Fiscal policy refers to the use of government spending and taxation to influence the economy. In the case of a severe negative supply shock, the government may increase spending to stimulate demand and offset the reduction in supply. For example, the government may invest in infrastructure projects to create jobs and boost economic growth. However, this may lead to an increase in government borrowing and higher interest rates, which can offset the benefits of the fiscal stimulus. show this graphically please.