Define and explain fiscal policy

Assignment Help Business Economics
Reference no: EM131092063

Define and explain fiscal policy, explain the difference and workings of expansionary versus contractionary fiscal policy, budget deficit versus budget surplus. Describe excessive increases and decreases in aggregate demand; what do they cause, how do they affect the budget? 300 words

Reference no: EM131092063

Questions Cloud

Describes policy which moves the economy : Which of the following best describes a policy which moves the economy to the left and up along a given short-run Phillips Curve?
Classical economists believe that the best monetary policy : Classical economists believe that the best monetary policy is:
International trade regarding our trade deficit : Provide a general overview of U. S. international trade regarding our trade deficit, trade surplus, primary export goods, status with Canada and China, and the U. S. status in the world.
Define the federal reserve system : Define the Federal Reserve System, how is it composed, what is its framework? What are the primary functions of the Federal Reserve?
Define and explain fiscal policy : Define and explain fiscal policy, explain the difference and workings of expansionary versus contractionary fiscal policy, budget deficit versus budget surplus. Describe excessive increases and decreases in aggregate demand; what do they cause, how d..
Downward along a given short-run phillips curve : Which of the following best describes a policy which moves the economy to the right and downward along a given short-run Phillips Curve?
Calculate the initial change in aggregate consumer spending : The U.S. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. To boost the economy, Congress passed several relief packages that combined would deliver about $700 billion in government spending. Calcula..
What type of question did you find most helpful : What type of question did you find most helpful? Why? If you can remember, provide the question. What type of question did you find least helpful? Why? Once again, if you can remember the question, include it in your response.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Chain-weighting method

Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.

  What is the price elasticity of demand

The demand for shoes can be expressed as Q = 100 - 10P., where Q is quantity and P is price.Using the midpoint method, what is the price elasticity of demand when the price of shoes goes from $5 to $6?

  What determines what role a state might play

What are the four roles that states can play in negotiated global environmental regimes? What determines what role a state might play? Why do states sometimes shift roles?

  What is the cost minimizing combination of producing

Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost minimizing combination of producing P = ..

  What is the socially efficient level of output

You are an industry analyst that specializes in an industry where the market inverse demand is P = 200 - 4Q. The external marginal cost of producing the product is MCExternal = 6Q, and the internal cost is MCInternal = 12Q. What is the socially effic..

  Obtain the profit maximizing rate of output

Can you please explain how I obtain the profit maximizing rate of output? I also do not understand how if a price of the ties were to fall from $19 to $15, how many ties would be produced. Lastly, how do you understand at what price a firm should shu..

  (consumption-investment-government expenditures

A farmer sells cotton to a clothing company for $1,000 and the clothing company turns the cotton into T-shirts that it sells to a store for a total of $2,000. How much did GDP increase a result of these transactions? Category Amount:: Durable Goods $..

  Federal reserve easy money policy

Which of the following results should be included where the question mark appears in the illustration? Which of the following is correct regarding the structure of the Federal Reserve? Which of the following results should be included where the quest..

  Company use licensing agreements to enter world markets

How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace?

  Anticipated rate of inflation rises

Suppose that the nominal rate of interest is holding steady at 8 percent even as the anticipated rate of inflation rises.

  Worst board of directors founder steve jobs

In 2002 business week listed apple Calculator as having one of the worst board of directors: founder Steve jobs owns just 2 shares in the company.

  What is the maximum price he should pay for the equipment

Rental equipment is for sale for $110,000. A prospective buyer estimates he would keep the equipment for 12 years and spend $6000 a year on maintaining the equipment. Estimated annual net receipts from equipment rentals would be $14,400. It is estima..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd