13. When the Turkish government wants to allow only for automatic stabilizers to work in a recession, it will a. reduce the interest rate b. sell government bonds c. have higher government expenditure on unemployment benefits d. increase the value-added tax
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- Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending by the University of Illinois is not fiscal policy? Why is a cut in the payroll tax fiscal policy whereas a cut in a state income tax is not fiscal policy?During the periods when the Philippine government would most likely adopt a contractionary fiscal policy. a. the ratio of consumer debt with respect to personal income is decreasing b. firms are producing beyond their normal capacity c. the cost of labor input per unit of output in manufacturing is decreasing d. business inventories on hand are increasing درWhich of the following fiscal policy actions would be appropriate if the economy is experiencing an recessionary gap? OA. a decrease in government spending B. a decrease in the money supply C. an increase in interest rates D. a decrease in taxes
- NEXT A BOOKMARK Question 12/28 to stimulate the economy. 2 During a recession, the government can engage in A Expansionary fiscal policy B Cautionary fiscal policy Contractionary fiscal policy D Deflationary fiscal policy DELL esc -> # 2$ & 1 4 6. 8. 9. * 00 司 5what will be the fiscal deficit when primary deficit is $6800 and rhe interest payment is $150Automatic stabilizers decrease the impact of a recession on the level of economic activity because they Question content area bottom Part 1 A. increase taxes so the budget is always balanced. B. raise the exchange rate so U.S. exports become more attractive to foreigners. C. increase the quantity of money in circulation. D. mean disposable income does not change by as much as real GDP. E. reduce the interest rate and so allow firms to increase their level of investment.
- a ssume HPC =0.80 and that taxes are at by64billion goverment purchases are increused by $4billion Accord ing to keynesian analy sis (fiscal policy) How mich will ŘGDPchang e? will it increase or deciease?Eastlandia's GDP in 2021 is $17353. Governmert budget deficit in 2021 is $68.2. Government debt at the end of 2020 is $915, on which it has to pay an interest rate of 3 percent. Government debt at the end of 2021 is $ Do not enter $ sign. Round to two decimal places if required.please answer the following question: 1. As the economy declines into recession, the collection of personal income tax revenuesautomatically falls. This relationship best describes how the progressive income tax system:A. serves as a discretionary fiscal policyB. have no effect in the economyC. will help discourage spendingD. converts a recession into a depressionE. serves as an automatic stabilizer for the economy
- Fiscal stance refers to: Select one: A. A government that takes a tough stance when it comes to running the country’s finances B. A government that is running a budget deficit C. A government that is running a budget surplus D. Whether a government is pursuing an expansionary or contractionary fiscal policyexplanation. Be sure to exp Assume the United States has been in another recession for the past 10 months. Unemployment is 10% and GDP has dropped $1.9 trillion from its previous peak of $ 20.8 trillion. The housing and heavy equipment industries have been hit the hardest. Inflation has been near the 2% target but has started to dip below. Also, the countries average MPC is 60. Determine the best fiscal policy/strategy to help the economy recover and explain why it is the best choice. Be sure to reference Aggregate Demand and Aggregate Supply and explain your specific tools in your answers. Calculations Explanation Graph (More space for the explanation on the back)• S = - 600 + 0.25Y, I= 400 -1100i • Ms = 1000, Mt = 0.15 Y, Mp = 0.10 Y dan Msp = 200 – 800i %3D %3D • A. Calculate Y eq, I, S, Mt, Mp and Msp • B. If the government expenditure increase =75, calculate effectiveness of this fiscal policy. • C. Draw the graph completely.