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What else can I help you with?
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
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
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 action has an expansionary effect on the economy?
Increasing government spending
How would the us government most likely react to a boom in the economy?
Increase government spending in order to stimulate the economy
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
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
When was the federal government spending largest as a percentage of the economy?
The federal government spending was largest as a percentage of the economy in 2020 due to increased spending related to the COVID-19 pandemic and relief efforts.
What is the Republican view on economy?
They want a strong economy with little government spending -Bailey
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.
What did President Roosevelt do for the US economy?
He increased government spending
Which action has an expansionary effect on the economy?
Increasing government spending
How would the us government most likely react to a boom in the economy?
Increase government spending in order to stimulate the economy
Does an increase in government spending increase income?
An increase in government spending helps to stimulate an economy. Because the government is now paying other people to do work, those people are now receiving an income. They can then reinvest in the economy, leading to an overall growth in the nation's economy.
How does large Government spending help the economy?
Government spending increases aggregate demand by giving money to individuals and business to hopefully spend.
What is the use of government spending to control the economy known as?
Fiscal Plicy
When does the government maintain spending and taxes at their current rates?
when economy is stable
