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Which of the following describes a situation in which government spending exceeds its revenue?
budget deficit
What else can I help you with?
Kennedy called for an increase in which of the following to stimulate economic growth?
Government Spending
Which best describes a Southern Bourbon government?
They decreased education spending. They wanted a limited government. They wanted to build up Southern industries.
When a decrease in one or more components of private spending completely offsets the increase in government spending there is?
When a decrease in one or more components of private spending completely offsets the increase in government spending, it results in a scenario known as "crowding out." In this situation, the net effect on overall demand and economic activity is neutral, as the increase in government expenditure is counterbalanced by the decline in private spending. Consequently, the intended stimulative effect of government spending may not materialize, leading to no significant change in overall economic output.
What describes a contractionary fiscal policy position?
The government spends less money than it earns by cutting its spending or by raising taxes. A+
What is the concept of the fiscal clifff?
fiscal cliff is the situation which U.S. government faced at the end of 2012 when the expiry of tax cut and across the board government spending cuts has reached. this
What term describes the process of spending more money than you have?
Deficit spending
Which situation best accounts for the differences in federal income and spending between 1928 and 1936?
government funding of programs to combat ecomic problems
Which of these statements best describes the healthcare system in the Philippines?
The amount the government is spending on healthcare is going down because of the high population growth rate. A+
How can one calculate the government spending multiplier?
The government spending multiplier can be calculated by dividing the change in real GDP by the change in government spending. This helps determine how much the economy will grow for each additional dollar of government spending.
Which describes Britain's methods of fighting the Great Depression?
Implemented public works programs Involved cutting taxes and government spending Contained aspects of Socialism
What describes policies used in the US and Europe during the 1930s that worsened the Great Depression?
Answer this question…Increasing taxes on imported goods and cutting government spending
Definition of the debt trap in economics?
A situation where public debt and interest thereon rise automatically, placing pressure on non-interest government spending and threatens the nature of government as it is currently constituted.
