Identity the effect of on either demand or supply curve and the equilibrium interest rates on:- Increase in tax Recession in the economy Decrease in bank rates Surplus budget.
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Identity the effect of on either demand or supply curve and the equilibrium interest rates on:-
- Increase in tax
- Recession in the economy
- Decrease in bank rates
- Surplus budget.
Step by step
Solved in 3 steps with 4 images
- Explain the relationship between fiscal policy and the interest elasticity of money demand. Why do the two relationships differ?If in the Euro Area the value added tax is decreased; then what happens to equilibrium interest and national income in the Euro Area under the following conditions: a)lnterest elasticity of Money demand is low b)lnterest elasticity of Money demand is high c)Interest elasticity of Money demand is zero Sketch the required graphics and explain the graphics1. You are appointed secretary of the treasury of a recendly inde- pendent country called Rugaria. The currency of Rugaria is the lav. The new nation began fiscal operations this year, and the budget situation is that the government will spend 10 million Javs and taxes will be 9 million lavs. The 1-million-lav difference will be borrowed from the public by selling 10-year government bonds paying 5 percent interest. The interest on the outstand- ing bonds must be added to spending each year, and we assume that additional taxes are raised to cover that interest. Assuming that the budget stays the same except for the interest on the debt for 10 years, what will be the accumulated debt? What will the size of the budget be after 10 years?
- If the government increases spending by 200$ with a money multiplier of 3 and the tax rate is 20%, what is the total new money income? How much is added to the total debt?1. Explain the relationship between the effectiveness of monetary policy and the interest elasticity of investment. Will the monetary policy be more or less effective the higher the interest elasticity of investment demand? Now explain the relationship between the effectiveness of fiscal policy and the interest elasticity of investment demand. Why do the two relationships differ?4. Summarize the fiscal policy responses to the 2008 financial crisis and the 2020 pandemic. Explain howthey are similar and how they differ. Evaluate the extent to which the fiscal responses have been successful(or not) in both crises, providing evidence or economic arguments to support your views. What would youhave done differently? Explain your answers thoroughly. 5. Summarize the monetary policy responses to the 2008 financial crisis and the 2020 pandemic. Explainhow they are similar and how they differ. Evaluate the extent to which monetary policy has been successful(or not) in both crises, providing evidence or economic arguments to support your views. What would youhave done differently? Explain your answers thoroughly. Please answer all! I need to check my work!
- 12 Interest rates are a key weapon in fiscal policy Select one: a. False b. Trued. Does the total flow of money out of house- holds-the sum of taxes paid and consumer spending-equal the total flow of money into households? e. How does the government of Micronia finance its purchases of goods and services?"Say whether following statement is True or False and Please provide a concise explanation of this as well as an explanation with a diagram, if its possible to do." 1. If a government runs a primary fiscal deficit, and has no source of additional revenue other than the inflation tax, hyperinflation is inevitable.
- 一 Explain why money printing is not desirable instrument to finance budget deficit?S2201-ECON-2000 Economic McGraw Hill Connect Deep Inte X Grades for Sean Lee: S2201-EC X Question 8 - Fiscal Policy: Hom X C The Graph Below Depicts An E X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheduc... Update Fiscal Policy: Homework i Saved Help Save & Exit Submit Check my work The graph below depicts an economy where an increase in aggregate demand has caused inflation. Assume the government decides to conduct fiscal policy by decreasing government purchases to restore full-employment GDP. 10 Fiscal Policy points 180 LRAS AS еВook 160 140 Print 120 100 References 80 60 AD1 40 AD 20 100 200 300 400 500 600 700 800 900 1000 Real GDP (billions of dollars) Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. Mc Graw Hill Price LevelWhich organisation controls fiscal policy in Australia? Select one: a. The Reserve Bank of Australia O b. The National Cabinet O. The State Governments O d. The Federal Reserve e. The Federal Government