Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Expansionary fiscal policy is so named because it

08/11/2021 Client: muhammad11 Deadline: 2 Day

MACRO-MODELS AND FISCAL POLICY

SStudent ID: 21784984 Exam: 050474RR - MACROECONOMIC MODELS AND FISCAL POLICY

When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.

Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer.

1. Expansionary fiscal policy is so named because it A. involves an expansion of the nation's money supply. B. necessarily expands the size of government. C. is aimed at achieving greater price stability.

D. is designed to expand real GDP.

2. The crowding-out effect of expansionary fiscal policy suggests that A. government spending is increasing at the expense of private investment. B. saving is increasing at the expense of investment. C. imports are replacing domestic production.

D. private investment is increasing at the expense of government spending.

3. Which one of the following statements best describes the idea of a political business cycle? A. Politicians are more willing to cut taxes and increase government spending than they are to do the reverse. B. Politicians will use fiscal policy to cause output, real incomes, and employment to be rising prior to elections. C. Fiscal policy will result in alternating budget deficits and surpluses.

D. Despite good intentions, various timing lags will cause fiscal policy to reinforce the business cycle.

4. Suppose that a new machine tool having a useful life of only one year costs $80,000. Suppose, also, that the net additional revenue resulting from buying this tool is expected to be $96,000. The expected rate of return on this tool is

A. 20 percent. B. 2 percent. C. 8 percent. D. 80 percent.

5. Which one of the following statements about the standardized budget is correct? A. The standardized budget refers to the inflationary impact that the automatic stabilizers have in a full-employment economy.

B. The standardized budget refers to the number of workers who are underemployed when the level of unemployment is 4 to 5 percent.

C. The standardized budget refers to that portion of a full-employment GDP that isn't consumed in the year it's produced.

D. The standardized budget refers to the size of the federal government's budgetary surplus or deficit when the economy is operating at full employment.

6. The foreign purchases effect suggests that a decrease in the U.S. price level relative to other countries will

A. shift the aggregate supply curve leftward. B. shift the aggregate demand curve leftward. C. decrease U.S. exports and increase U.S. imports. D. increase U.S. exports and decrease U.S. imports.

7. Which one of the following statements about fiscal policy is correct? A. Fiscal policy refers to the altering of the interest rate to change aggregate demand.

B. Fiscal policy refers to the manipulation of government spending and taxes to achieve greater equality in the distribution of income.

C. Fiscal policy refers to the manipulation of government spending and taxes to stabilize domestic output, employment, and the price level.

D. Fiscal policy refers to the fact that equal increases in government spending and taxation will be contractionary.

8. Which one of the following statements correctly describes the multiplier effect? A. The multiplier effect means that consumption is typically several times as large as saving. B. The multiplier effect means that a decline in the MPC can cause GDP to rise by several times that amount. C. The multiplier effect means that an increase in investment can cause GDP to change by a larger amount. D. The multiplier effect means that a change in consumption can cause a larger increase in investment.

9. Investment spending in the United States tends to be unstable because A. capital wears out quickly and must be replaced often. B. profits are highly variable. C. investment spending is affected by interest rates.

D. the price level fluctuates rapidly. 10. Suppose that the economy is in the midst of a recession. Which one of the following policies would

most likely end the recession and stimulate output growth? A. A postponement of a highway construction program B. A Congressional proposal to incur a federal surplus to be used for the retirement of public debt C. A reduction in federal tax rates on personal and corporate income D. A reduction in agricultural subsidies and veterans' benefits

11. Which one of the following statements about the federal budget deficit is correct? A. The federal budget deficit is found by subtracting government revenues from the noninvestment-type government spending in a

particular year.

B. The federal budget deficit is found by cumulating the differences between government spending and tax revenues over all years since the nation's founding.

C. The federal budget deficit is found by subtracting government tax revenues plus government borrowing from government spending in a particular year.

D. The federal budget deficit is found by subtracting government tax revenues from government spending in a particular year.

12. An economist who favored expanded government would recommend A. tax increases during recession and tax cuts during inflation. B. tax cuts during recession and tax increases during inflation. C. tax cuts during recession and reductions in government spending during inflation.

D. increases in government spending during recession and tax increases during inflation.

13. Which one of the following represents the most contractionary fiscal policy? A. A $30 billion increase in government spending B. A $30 billion tax cut C. A $30 billion tax increase

D. A $30 billion decrease in government spending 14. The group of three economists appointed by the President to provide fiscal policy recommendations is

the A. Federal Reserve Board of Governors. B. Council of Economic Advisers. C. Bureau of Economic Analysis. D. Joint Economic Committee.

15. John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?

A. The economic expansion of the 1920s B. The Bank Panic of 1907 C. The spectacular economic growth during World War II D. The Great Depression

16. A private closed economy includes A. households, businesses, and international trade, but not government. B. households, businesses, and government, but not international trade. C. households only. D. households and businesses, but not government or international trade.

17. If a nation imposes tariffs and quotas on foreign products, the immediate effect will be to A. reduce the rate of domestic inflation. B. increase efficiency in the world economy. C. increase domestic output and employment.

D. reduce domestic output and employment.

18. Which one of the following is the best example of public investment? A. Funding of regulatory agencies B. Construction of highways C. Government expenditures on food stamps

D. Salaries of Senators and Representatives

19. Which one of the following statements about lump-sum taxes is correct? A. A lump-sum tax means that the same amount of tax revenue is collected at each level of GDP. B. A lump-sum tax means that tax revenues vary directly with GDP. C. A lump-sum tax means that tax revenues vary inversely with GDP. D. A lump-sum tax means that the tax applies only to one time period.

20. The public debt is held as A. Treasury bills, Treasury notes, Treasury bonds, and U.S. savings bonds. B. U.S. securities, corporate bonds, and common stock. C. U.S. gold certificates. D. Federal Reserve Notes.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Mentor
Smart Accountants
Coursework Helper
Essay Writing Help
Finance Master
Math Specialist
Writer Writer Name Offer Chat
Academic Mentor

ONLINE

Academic Mentor

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$28 Chat With Writer
Smart Accountants

ONLINE

Smart Accountants

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$27 Chat With Writer
Coursework Helper

ONLINE

Coursework Helper

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$35 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$30 Chat With Writer
Finance Master

ONLINE

Finance Master

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$40 Chat With Writer
Math Specialist

ONLINE

Math Specialist

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$24 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Hilton parma soccer club - Deliverable 1 - Analyzing Leadership - Squatty potty commercial shark tank - Strathfield car radio adelaide - Water by the spoonful full script - Smart energy answers whirlpool - Who was president during vietnam war crossword - Terms and conditions may apply film - The time you won your town the race poem - Michelin fleet solutions case study answers - Using 360-degree feedback appraisals to trigger pay and personnel decisions puts ______ at risk. - To kill a mockingbird chapter 20 22 summary - Case Study - Abstract reasoning patterns list - Anatomy and physiology chapter 1 study guide - Teaching project - Biblical Leadership Theme Report for NT - How would the accounting equation of boston company - How many molecules are in mol nh - Students and mobile phones essay - Digital technologies scope and sequence nsw - How to determine the specific heat capacity of a metal - Discussion help - Ikea vidga rail triple track - Racist quotes in othello - Blum's model of health determinants - Marketing questions - Rite aid whitsett and magnolia - 48 meigs crescent stuart park - Constructing a field map lab answers - HATFIELD &[+̲2̲7̲6̲1̲0̲4̲8̲2̲0̲7̲1̲&&]@)) EARLY TERMINATION- PILLS FOR SALE IN HATFIELD GEZINA, MORELETA PARK - The axial skeleton lab answers - Gib head key formula - Get a grip cooper jones chapter summaries - Extracting iodine from seaweed method - Nursing and Community (Due 24 hours) - Case - Data mining and its application in healthcare industry - Ansi asse z359 1 - Consumer behavior henry assael pdf - A new york city daily newspaper called manhattan today - Taking to the streets - Focus factor in agile - How to draw network diagram in ms project - American academy of audiology certification - Pine rivers netball association - Systematic layout planning example - How to write a payroll program in python - How can ashley be a more effective team leader - 70 alan road berowra heights - Thebarton community centre parking - The death of ivan ilyich discussion questions - Week 5 Report - Help with 123 Results Assignment - Afr weekend paper price - Discussion post with 2 responses to class mates - Views and values words - Fundamentals of Speech Communication - Identify the sentence that contains a noun clause in italics - License application form rms 1001 - Project One Submission - Purpose statement in research sample - Imagine song lyrics meaning - Escucha las oraciones e indica - Mansfield high school open day - Ginger beer plant grains - Appendix - Essay - Apa's ethical requirements for research with human participants - Robin hood case study recommendations - Act 1 scene 3 summary othello - Sticks in a bundle are unbreakable essay - Vapor pressure and heat of vaporization lab report answers - Weekly tax tables 2021 - Is c6h12o6 a strong electrolyte - MOS 5101 Scholarly Activity Unit V Due tomorrow Aug 29 at 1pm CST Plagiarism Free - Lump sum sale of stock with bonds - Project management the managerial process 7th edition - What is the meaning of polar molecule - Write signature essay on the prompt given below. - What is internal environment analysis - Looking for alibrandi transcript - Competency Modeling ands KSA's - due in 18 hours - Schroder equity opportunities fund - Evan company reports net income of - Swot analysis of apple airpods - Convert to 3nf example - Assignment - Unsw cofa resource centre - Plasterboard access panel screwfix - _____ proposes that perceptions of fairness directly impact worker motivation. - Jetblue airways corporation 2009 case study solution - Why has your movement affected so many people - Business continuity plan template australia - Curtin data management plan - Unilinear and multilinear evolution - Change the chart style to style 42 - Human resource classroom activities - How do i get my strengthsquest access code - Autodesk sketchbook graph paper