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Why are budget deficits and trade deficits sometimes called the twin deficits?
Twin deficits or double deficits is a summary of the two related economic problems, the budget deficit and the international trade deficit. The budget government deficit is the difference between government revenue and it's spending. Both deficits occur when someone is spending more than they earn.
What statement best describes the economic principles of john Maynard Keynes?
He believed the government should run deficits to stimulate a sagging economy.
What is the name of the economic system where the government or another central administration regulates supply and prices?
command economy
Would an increase in taxes be a change in the government's fiscal policy?
Yes, an increase in taxes would be considered a change in the government's fiscal policy. Fiscal policy involves government decisions on taxation and spending to influence the economy. By raising taxes, the government can affect overall demand, potentially slowing economic growth or addressing budget deficits. This adjustment is part of the broader strategy to manage economic conditions.
How did the Kennedy and Johnson administrations lead to economic problems in the US?
As the 1960's in the US unfolded, both President Kennedy and even more so President Johnson were willing to increase military expenditures overseas, and not only in Vietnam. Those expenses and both administration's desire to increase domestic programs without raising taxes paved the way for inflation later on. Year after year of government deficits lead to soaring prices and the lack of growth in US domestic industries. This in turn led to larger balance of payment deficits.
The Ronald Reagan administration produced record government economic deficits?
True.
Why are budget deficits and trade deficits sometimes called the twin deficits?
Twin deficits or double deficits is a summary of the two related economic problems, the budget deficit and the international trade deficit. The budget government deficit is the difference between government revenue and it's spending. Both deficits occur when someone is spending more than they earn.
What has the author Robert G Thobaben written?
Robert G. Thobaben has written: 'Issues in American political life' -- subject(s): Administration of Criminal justice, Arms race, Biomedical engineering, Biotechnology, Budget deficits, Campaign funds, Criminal justice, Administration of, Domestic Economic assistance, Economic assistance, Domestic, Environmental policy, Government policy, Policy sciences, Political corruption, Political planning, Politics and government, Terrorism
What has the author Charles E Dumas written?
Charles E. Dumas has written: 'China and America' -- subject(s): Economic conditions, Economic policy, Foreign economic relations, Monetary policy 'The effects of government deficits' -- subject(s): Budget deficits, Crowding out (Economics), Interest rates
What statement best describes the economic principles of john Maynard Keynes?
He believed the government should run deficits to stimulate a sagging economy.
What fiscal deficit?
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits. A fiscal deficit is regarded by some as a positive economic event. For example, economist John Maynard Keynes believed that deficits help countries climb out of economic recession. On the other hand, fiscal conservatives feel that governments should avoid deficits in favor of a balanced budget policy.
What is the name of the economic system where the government or another central administration regulates supply and prices?
command economy
What has the author John Cranford written?
John Cranford has written: 'Budgeting for America' -- subject(s): Budget deficits, Economic conditions, Government spending policy, Program budgeting
When was Foreign Economic Administration created?
Foreign Economic Administration was created in 1943.
When was Economic Development Administration created?
Economic Development Administration was created in 1965.
What is the budget of Economic Development Administration?
The budget of Economic Development Administration is 258,000,000 dollars.
What has the author Wassim N Shahin written?
Wassim N. Shahin has written: 'Money supply and deficit financing in economic development' -- subject(s): Budget deficits, Economic development, Finance, Government securities, Monetary policy, Money supply
