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In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand
How does a decrease in government spending impact aggregate demand?
A decrease in government spending reduces the overall demand for goods and services in the economy, leading to a decrease in aggregate demand. This can result in lower economic growth and potentially lead to a recession.
Why will the baby-boomer generation be a potential problem for government spending?
the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security
What is the relationship between spending and GDP?
The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.
How do government taxation for consumption spending and importing goods for short term consumption affect economic growth?
Government taxation for consumption spending and importing goods for short-term consumption weakens the economic growth. An increase in imports results in a lower GDP and, consequently, economic loss as money is spent and funneled out of the country.
Under what circumstances would the government most likely lower taxes?
Consumer spending has decreased recently.
How would the government most likely respond to decrease in consumer spending?
Lower taxes to make it easier for consumers and business to spend money.
In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand
How does a decrease in government spending impact aggregate demand?
A decrease in government spending reduces the overall demand for goods and services in the economy, leading to a decrease in aggregate demand. This can result in lower economic growth and potentially lead to a recession.
What will increased consumer spending?
Consumer spending is called consumption, which is a component of Aggregate Demand in our economy. In monetary policy, the Federal Reserve can buy treasuries, lower the reserve requirement, and lower the discount rate which will increase consumption. In fiscal policy, the government can cut taxes to increase consumer spending.
Are Republicans more conservative?
Yes. Republicans are the party that wants to lower taxes and spending and make the government smaller to allow individual freedom.
Does Increase govenment spending may result in higher or lower taxes?
Increased government spending can lead to higher taxes if the government needs to fund its expenditures through revenue generation. Conversely, if the government borrows money or uses surplus funds to finance spending, taxes may remain unchanged or even decrease. The impact on taxes largely depends on the government's fiscal policy decisions and the overall economic context. Ultimately, the relationship between government spending and taxes is complex and influenced by various factors, including economic growth and public demand for services.
Why did houston cut government spending in his second term?
he eliminated dozens of government positions and cut the size of the army; he tried to sell navy ships
Why will the baby-boomer generation be a potential problem for government spending?
the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security
What is the relationship between spending and GDP?
The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.
Identify the two policies that the federal government can follow in order to make the business cycle less disruptive?
federal government can lower interest rates and stimulate spending to make the business cycle less disruptive.
How did Jefferson's accomplishment of lowering government spending affect American history?
Lower then what? The only other budget was under Washington and Adams. The Government was too new to have much of a budget.None of the early Presidents wanted a large budget.
