MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter P6, Problem 15KC
To determine
The method of operating the federal agencies without a new budget before fiscal year starts.
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MULTIPLE CHOICE
Which one of the following statements regarding fiscal policy and the budget is correct?
(a) When the government plans to stimulate economic activity, it can increase
spending or reduce taxes;
(b) Revenue from tax is always greater than government spending in South
Africa;
(c) Demand management only refers to fiscal policy;
(d) A contractionary fiscal policy should be implemented to combat
unemployment.
Changing Budget Priorities) What spending category claimed the largest share of federal outlays during the 1960s? How about during the most recent decade?
Week Six Discussion Questions
Provide 2 substantive postings to each of the 3 Discussion
Question's:
3. Explain the tools of government spending and tax
policy as they relate to fiscal policy.
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- Determine whether the following government actions are discretionary or nondiscretionary spending. (a) Spending on unemployment benefits increase when more people become unemployed during a recession. (b) Congress decides to increase taxes during a period of expansion. (c) Congress votes to expand spending on infrastructure. (d) During a recession households often experience a decrease in income, moving them into a lower tax bracket.arrow_forwardQuestion: Which of the following is an example of a regressive tax? a) Value-added tax (VAT) b) Progressive income tax c) Corporate income tax d) Property tax Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardWhich of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto powerarrow_forward
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