An economic climate is at a short-run equilibrium as illustrated in the figure. An appropriate fiscal policy option to relocate the economy to complete employment is come increaseA.tax rates and move the economic climate to a full-employment equilibrium at allude b.B.lower the interest rate by increasing the amount of money and move the economic climate to a full-employment equilibrium at allude b.C.tax rates and also move the economy to a full-employment equilibrium at suggest c.D.government expenditure and move the economic situation to a full-employment equilibrium at point b.E.government expenditure and move the economic situation to a full-employment equilibrium at point c.
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In stimulate to aid the economic climate recover native a recession using fiscal policy, the government can ________ so that accumulation demand increases.A.decrease the amount of moneyB.raise interest prices C.cut taxesD.raise taxesE.cut government expenditure ~ above goods and also services
______the usage of the federal budget plan to attain macroeconomic objectives such together full employment, continual economic growth, and price level stabilityis make by ______ on an yearly timeline.A.Fiscal policy and also monetary policy are; the President, Chairman the the Fed, and CongressB.Fiscal policy is; the President, Vice-President, Cabinet, Chairman that the Fed, and also CongressC.Fiscal policy is; the President and also CongressD.Fiscal policy and monetary policy are; the President, Vice-President, Cabinet, Chairman the the Fed, and Congress
The table mirrors the receipts and also the outlays the a country at each level of genuine GDP. What is the budget deficit when real GDP is $4 trillion?When genuine GDP is $4 trillion, the budget plan deficit is $___ trillion.
A taxes on labor income ______. The equilibrium quantity of labor ______. A.decreases the supply of labor; decreases.B.decreases the demand for labor; decreasesC.decreases the supply of labor and increases the need for labor; increasesD.decreases the supply of labor and also increases the need for labor; decreasesAt the brand-new equilibrium amount of labor, the before-tax wage price _____ and the after-tax wage price ____.
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An economic situation is experiencing a recessionary gap. The government can ______.A.raise taxes or to decrease the amount of money to decrease long-run aggregate supplyB.increase expenditure or cut taxes come increase accumulation demandC.increase expenditure or cut taxes to increase short-run accumulation supplyD.raise taxes come decrease long-run aggregate supply
Taxes and needs-tested spending job-related as automatic fiscal plan to dampen the service cycle due to the fact that taxes ______ during an expansion, and needs-tested spending ______ during a recession.A.decrease; decreasesB.increase; decreasesC.decrease; increasesD.increase; increases
At the end of 2011, the government of China"s blame was yen12.2 trillion. (yen is yuan, the currency of China). In 2012, the government spent yen12.7 trillion and ended the year through a blame of yen11.6 trillion.How much did the government receive in tax revenue in 2012? The government received yen________trillion in taxes revenue in 2012.
f the economic situation is in equilibrium with actual GDP less than potential GDP, over there is ________ gap and also a fiscal plan that ________ is appropriate.A.an inflationary; increases aggregate demandB.a recessionary; increases accumulation demandC.a recessionary; rises potential GDPD.a recessionary; decreases accumulation demandE.an inflationary; decreases accumulation demand
A to decrease in the taxes on resources income ______ the real interest price and ______ investment and economic growth.A.decreases; decreasesB.decreases; increasesC.increases; increasesD.increases; decreases
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