A constitutional amendment has been proposed that would require Congress to balance the budget each year.  Is it possible to balance the budget every year?  Is it desirable?

Q: What is the importance of fiscal policy during times of economic recession?

A: Fiscal policy refers to the type of the economic policy in which the government of a country tries…

Q: What is fiscal policy? And what are the different views on it from political platforms?

A: In economics, the term fiscal policy refers to the method by which a nation’s government adjust…

Q: What is meant by fiscal policy? How far can it be used to ensure, a high level of employment?

A: In a market economy, decisions are taken by the market forces and the government has limited…

Q: How will the deficit for the bottom line budget of $3.1 trillion affect the economy?

A: The budget deficit would result in the increase of the government expenditures over the revenues.…

Q: State any two objectives of fiscal policy?

A: According to the given question Gradually we can say that fiscal policy always leads to the…

Q: is it always possible to increase tax revenues by increasing tax rates?

A: Laffer curve represents the relationship between tax rates and tax revenue. It is an inverted U…

Q: How does the government spend?

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: Why is crowding out an important issue in the debate over the use of fiscal policy?

A: Crowding out effect is an economic situation where interest rates are increased. This ends up  in…

Q: If government increases spending and wants to maintain a balanced budget, it should

A: The answer is as follows:-

Q: How does fiscal policy affect the equilibrium income in an economy

A: The fiscal policy is the use of government revenue (taxes or tax cut) and the government…

Q: If tax revenues are lesser government expenditures in a year, the budget deficit would be negative.

A: Tax Revenue: Revenue that is generated against the tax is termed as tax revenue. Tax is an important…

Q: How could fiscal policy alleviate the problem? What specific policy changes would be needed?

A: Everything involving public funding or taxes is referred to as fiscal. Fiscal policy refers to how…

Q: What are the short-run and long-run implications when it comes to government spending changes versus…

A: Government Spending is defined as the money that is spent by the government or the public sector of…

Q: Why do you think that expansionary fiscal policy can fail during a recession?

A: Recession is a situation in the economy, when there is general decline in the economic activity. For…

Q: The economist views the budget as a public policy making tool? True or false

A: False. Reason- Economists view the budget as the opportunity cost. They see budget as the…

Q: Which fiscal policy would make a budget surplus smaller or a budget deficit larger? lower government…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Who Controls Fiscal Policy?

A: option 2 is right answer The president and Congress Federal Reseve no role in control  fiscal policy

Q: What might be the consequences If congress were to cut individual income tax rates in half ?

A: Tax cut proponents argue that lowering taxes boosts spending, which helps the economy. Those who…

Q: Propose the Fiscal Policy needed to fix this economy.

A: A) Cost push inflation (Graph Type) In graph we can there is an increment in the price level because…

Q: How much fiscal stimulus or restraint occurred between

A: Fiscal stimulus refers to the amount by which the structural deficit in a nation rises. It can also…

Q: Which statement below is true of ONLY fiscal policy? Uses government expenditures to create demand…

A: The aggregate demand refers to the total amount of all the goods, and services which are demanded in…

Q: Should the Federal budget always be balanced? Explain

A: Federal budget consists of revenue and expenditure by the federal government.

Q: Why do critics charge that fiscal policy has a “big-government bias”?

A: Answer-Fiscal policy is the notion that government should actively stimulate the economy in bad…

Q: The two largest areas of federal spending which impact the U.S. budget are

A: In total federal spending, social security contributes to highest with 33 % and then medicare and…

Q: Which of the following is NOT a component of federal fiscal policy?   A. Federal tax revenues…

A: The fiscal policy plays an important role in stabilizing an economy. By synchronized with monetary…

Q: What is the best policy to implement with regard to taxes?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: economy with an income tax of 10%, what is the budget balance of thegovernment? economics

A: Autonomus utilization is the utilization consumption that happens when pay levels are zero. Such…

Q: what role does taxation and budget process play in government decisions?

A: The budget process is a very essential aspect of the decision-making process of the government.…

Q: What are some of the arguments for and against a requirement that the federal government budget be…

A:

Q: The federal budget usually shows a surplus. True or False?

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: Which of the following is an example of fiscal policy? Select an answer and submit. For keyboard…

A: Fiscal Policy refers to the measures employed by the governments to stabilize the economy of the…

Q: Why is government spending typically measured as a percentage of GDP rather than in nominal dollars?

A: Government: It refers to the group of people who handle the country and helps the economy grow. The…

Q: Fiscal Policy) Was fiscal policy effective when the U.S. economy was experiencing stagflation during…

A: Fiscal policy is the policy used by government to stabilize the economy in the business cycle. The…

Q: Do tax cuts increase economic growth and taxable income so much that tax revenue increases?

A: Tax cuts are the fall in the amount of money of the taxpayers which are added to the revenue of the…

Q: Which one of the following statements regarding fiscal policy and the budget is (2) correct?(a) When…

A: Fiscal policy delineates the efforts planned  by the government with a view to stabilize the prices…

Q: how does the fiscal policy work?

A: Government can control the price and output from the demand side in the short with the help of of…