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Why is it difficult for the federal government to increase or decrease spending?
Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)
What are the two tools of fiscal policy that governments can use to stabilize an economy?
government spending and taxation
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the appropriate measure of government s involvement in economic activity?
it is the share of government spending in total spending in the economy
Why is it difficult for the federal government to increase or decrease spending?
Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)
What are the two types of government spending?
C. capital goods and labor.
What are the two ways the federal government could respond to an increase in the economy?
raise income taxes and decrease government spending
What are the two tools of fiscal policy that governments can use to stabilize an economy?
government spending and taxation
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
Is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
What is the appropriate measure of government s involvement in economic activity?
it is the share of government spending in total spending in the economy
What has a been a trend in the 20th century?
growing levels of government spending <------------------ APEX :)
How do government priorities affect government spending?
taxes
If you know tax multiplier how do you figure government spending multiplier?
you could do it two ways .If you have the MPC could divide it
