Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 08, 2024

(a) What is meant by a balance budget, a budget deficit and a budget surplus? (b)What is meant by discretionary and non-discretionary measures? (c) Explain

(a) What is meant by a balance budget, a budget deficit and a budget surplus?

(b)What is meant by discretionary and non-discretionary measures?

(c) Explain automatic stabilizers and highlight how it can automatically slow down the impact of a recession or inflation.

(d)What is meant by the crowding out effect?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial economics

Authors: william f. samuelson stephen g. marks

7th edition

9781118214183, 1118041585, 1118214188, 978-1118041581

Students also viewed these Economics questions

Question

★★★★★

An aqueous solution is made from 0.798 g of potassium permanganate, KMnO4. If the volume of solution is 50.0 mL, what is the molarity of KMnO4 in the solution?

Answered: 1 week ago

Question

★★★★★

Let Xi,i 1, be independent random variables with p j = P{X = j}, j 1. If p j = j/10, j = 1, 2, 3, 4, find the expected time and the variance of the number of variables that need be observed until the...

Answered: 1 week ago

Question

★★★★★

The machine element shown is fabricated from steel. Determine the mass moment of inertia of the assembly with respect to (a) The x axis, (b) The y axis, (c) The z axis. (The specific weight of steel...

Answered: 1 week ago

Question

★★★★★

You have been tasked with using the FCF model to value Julie's Jewelry Co. After your initial review, you find that Julie's has a reported equity beta of 1.5, a debt-to-equity ratio of .5, and a tax...

Answered: 1 week ago

Question

★★★★★

A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5966 - 76 A$/$ = 1.7237 - 47 An Australian firm asks the bank for an A$/SFr...

Answered: 1 week ago

Question

★★★★★

The Forest Stewardship Council (FSC) was formed in 1993 to promote sustainable management of the world's forests. The FSC quickly began to certify lumber based on whether the forest that it was taken...

Answered: 1 week ago

Question

★★★★★

A cord is wrapped around the inner spool of the gear. If it is pulled with a constant velocity v, determine the velocities and accelerations of points A and B. The gear rolls on the fixed gear rack....

Answered: 1 week ago

Question

★★★★★

Summarize the failures, lessons learned, and results in a 10-minute PowerPoint Presentation. Think of me as the CEO, and you the Panama Canal Project Manager delivering an Executive briefing....

Answered: 1 week ago

Question

★★★★★

| A student performed a density measurement of an unknown fluid sample using a 25mL (with 1mL division) graduated cylinder and a digital scale with 0.001g precision. They measured the mass as 10g,...

Answered: 1 week ago

Question

★★★★★

The attached short NYTimes article discusses how Wells Fargo has been trying to change its culture. Focusing on what you have learned about Organizational Culture (though drawing from other topic...

Answered: 1 week ago

Previous Question Next Question