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- The U.S. economy is over a decade removed from the Great Recession. For several years after the Great Recession officially ended, the U.S. grew at an historically slow rate. Analyze the causes of the slow increases in U.S. GDP. An analysis of the fiscal policy approach the Federal Government took to the recoveryWhich fiscal policy would be the most contractionary? a $100 billion decrease in government spending a $100 billion increase in government spending a $100 billion decrease in taxes a $100 billion increase in taxes a $50 billion decrease in government spending and a $50 billion decrease in taxesExplain fiscal policy and its role in stabilizing economies during recessions.
- Explain/discuss the three possible sources of an increased government deficit in the model of equilibrium GDP.Suppose equilibrium GDP is less than full-employment output and the economy is in a recession. What are the appropriate fiscal policies that would take the economy to full employment level? Group of answer choices A. Increase Taxes B. Decrease Government Spending C. Lower Transfer Payments D. Decrease TaxesFiscal stance refers to: Select one: A. A government that takes a tough stance when it comes to running the country’s finances B. A government that is running a budget deficit C. A government that is running a budget surplus D. Whether a government is pursuing an expansionary or contractionary fiscal policy
- In an economy, the fiscal deficit is $31,000 , total expenditure is $88,000, and revenue receipts is $38,000 Calculate the disinvestment proceedsYou should discuss the Fiscal policy of Demand Side and Market-oriented and Interventionist policies of the Supply Side policies available to governments in order to influence the economy. a)Advice and persuation b)conclusion.Question 21 An increase in real per capita GDP in an economy would __________ the average standard of living and would _________ life expectancy. raise; have little effect on raise; shorten raise; increase have no effect on; increase lower; shorten Question 22 An increase in _________ would lead to an increase in long-run economic growth. consumer spending and borrowing government taxes and fees resources and technology imports and exports prices and interest rates Question 23 Which of the following are the three major categories of resources? physical capital, technology, institutions land, labor, technology institutions, human capital, land natural resources, physical capital, human capital labor, physical capital, technology
- Question 20 Examples of automatic stabilizers include which of the following? SNAP payments ("food stamps"). All of the other answers are correct. Unemployment benefits. Personal income taxes.The Government and Fiscal Policy (chapter 16) If inflation is a major issue in the economy, what would be the correct fiscal policy response from an economic perspective? Why would members of Congress be unlikely to support such actions? Note: please do not give a copy & paste answer from Chegg. or course heroFiscal policy is spending and taxation of the executive branch of the federal government; in recessionary times, what initiatives in spending and or taxation are going to help the economy?