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- 1. Consider the three top spending priorities. How do public policy priorities, and how they are funded, reflect the political culture of Texast How have policy makers balanced Texans' desire for low taxes with important state responsibilities?1. Provide a written conclusion on Fiscal Policy?7. If you were asked to choose a pair of effects that would have the greatest expansive effect on the economy, which would you choose? O More government spending and more taxes Lower taxes and more exports Lower taxes and more imports O Less government spending and more exports
- 1. Recommend fiscal policy that is most likely to be invoked during a period of recession or high unemployment and during a period of rapid inflation 2. Identify problems or limitations from the implementation of fiscal policies and putting them into effect? # please answer sub questions.What is the primary goal of fiscal policy? A. Maintaining price stability B. Achieving full employment C. Promoting economic growth D. Regulating financial marketsook Refer to the following table for Waxwania: Government Expenditures, G $ 170 Tax Revenues, T Real GDP $ 90 $ 450 170 110 550 170 130 650 170 150 750 170 170 850 nt ences Instructions: Enter your answers as a whole number. a. What is the marginal tax rate in Waxwania? percent b. What is the average tax rate? percent c. Which of the following describes the tax system: proportional, progressive, or regressive? (Click to select)
- Some economists argue for the use of fiscal policy to solveeconomic problems; others argue against it. What are someof the arguments on both sides?Give a brief definition of fiscal policy? What are its economic goals? Fiscal policy is the use of the federal budget to achieve f _____ e___________, c________ i___________, and stimulate e__________ g________. The changes to the federal budget can be made through increases or decreases in g______________ s_________ (G) or through increases or decreases in t______ rates (T).An increase in the excise taxes will shift thesupply on right side.Select one:e a. TrueOb. False
