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Define fiscal policy and list the two things the government does that fall under fiscal policy?
Fiscal policy: the taxation and spending practices of the government 1. provide public needs, e.g. police, transportation, and an army 2. provide public assistance, e.g. healthcare and retirement
Fiscal policy tools impact?
fiscal policy tolls impact the sweet smell of grren vagina in the morning under the tuscan sun.
Assume the economy is at full employment and that investment spending declines dramatically Under these conditions government fiscal policy should be directed toward?
b.) an excess of tax receipts over government expenditures
During the severe recession of 2008-09 the US government embarked on an aggressive fiscal policy to try and end the downturn Most of the increase in spending would be financed by borrowing the gove?
The full question:During the severe recession of 2008-09 the US government embarked on an aggressive fiscal policy to try and end the downturn. Most of the increase in spending would be financed by borrowing; the government is also cutting taxes for many, but not all, Americans. At the time the policy was formulated many economists were confident that the policy would be effective, while another group was quite convinced that the policy would do little to raise the level of GDP. Discuss under what financing and economic conditions an expansionary fiscal policy could be expected to raise the level of real GDP, and under what conditions the policy would fail. Then state your opinion as to whether or not the US policy will work.
What is the interaction between fiscal and monetary policy?
Fiscal policy chooses government expenditure and taxes. Monetary policy chooses interest rates to reach a set inflation target and minimise the output gap. The interaction in where fiscal authorities chooses a level of government expenditure that is not consistent with its steady state. This effects the output gap/inflation and thus interest rates, hence the interaction.
An organization under contract to the government as well as some private plans to act as financial representatives is a?
fiscal agent
Can Financing expansionary fiscal policy by increasing the deficit does not generally affect interest rates or inflation?
Expansionary fiscal policy or running the printing presses usually causes inflation. Sometimes it causes hyperinflation. It caused both the inflation and interest rate to rise to 20% under the Carter administration.
Is the effect of government regulations on auto emissions microeconomics or macroeconomics?
if cars which emit emissions will be liable to pay an environment tax, then a fiscal policy is taking place, ie, it falls under macroeconomics. However, you have to exactly define which government regulations you're talking about... because different regulations give a different situation :)
Is NOT a core component of the Federal Reserve Bank?
A core component of the Federal Reserve Bank includes functions such as conducting monetary policy, regulating banks, maintaining financial stability, and providing financial services. However, activities like direct government spending or fiscal policy implementation are not core components of the Federal Reserve, as these fall under the purview of the federal government rather than the central bank.
What is the laissez faire philosophy of government toward business?
Under this policy, the government would not become involved in the economy.
Under what Emperor did Confucianism became China's official government policy?
Wu-ti
What is constituent policies?
Constituent policies are policies that deal mainly with laws and create executive entities. They also sometimes deal with fiscal policies under some circumstances.
