Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The main purposes of the federal budget are to Select one: Minimise tax collection and government spending Maximise tax collection and government spending Finance the

The main purposes of the federal budget are to

Select one:

Minimise tax collection and government spending

Maximise tax collection and government spending

Finance the government and to achieve its macroeconomic objectives

Balance the needs of consumers and suppliers with the needs of the government

The objectives of fiscal policy are

Select one:

Sustainable GDP growth, full unemployment and low inflation

Sustainable GDP growth, full employment and low inflation

Maximum GDP growth, zero unemployment and zero inflation

Sustainable GDP growth, low employment and low inflation

To remove a recessionary gap, a government may implement

Select one:

Expansionary fiscal policy to move the AD curve to the left and restore full employment

Contractionary fiscal policy to move the AD curve to the right and restore full employment

Contractionary fiscal policy to move the AD curve to the left and restore full employment

Expansionary fiscal policy to move the AD curve to the right and restore full employment

Clear my choice

If unemployment is too high, then the government may implement

Select one:

Contractionary fiscal policy by increasing government spending

Expansionary fiscal policy by decreasing government spending

Expansionary fiscal policy by increasing government spending

Contractionary fiscal policy by decreasing government spending

Expansionary monetary policy means interest rates

Select one:

Remain unchanged

Increase and contractionary monetary policy means interest rates decrease

Decrease or increase depending on the stage of the business cycle

Decrease and contractionary monetary policy means interest rates increase

If interest rates go up then

Select one:

Consumption, investment and net exports go up and AD decreases

Consumption, investment and net exports go up and AD increases

Consumption, investment and net exports go down and AD increases

Consumption, investment and net exports go down and AD decreases

Clear my choice

A central bank will implement expansionary monetary policy in a(n)

Select one:

Contraction or an expansion

Expansion and contractionary monetary policy in a contraction

Contraction and contractionary monetary policy in an expansion

Full employment equilibrium

Clear my choice

The target cash rateis

Select one:

Consistent with an economic expansion

The desired level of the actual cash rate

The interest rate the economy has at full employment

Consistent with zero interest rates

Can you reply me as soon as possible I don't ant explanation please?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Survey Of Economics

Authors: Irvin B. Tucker

10th Edition

133711152X, 978-1337111522

More Books

Students also viewed these Economics questions

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago