Briefly describe the Discretionary AND Automatic Fiscal policies that you see taking place over the past...

Briefly describe the Discretionary AND Automatic Fiscal policies that you see taking place over the past month in the U.S. How are these policies meant to help the country? What effect will these policies have on the Federal Government Deficit for 2020?

Solutions

Expert Solution

Rahul Sunny answered 1 week ago

Next > < Previous

Related Solutions

a) Define what are expansionary and contractionary discretionary fiscal policies. b) Define what is automatic stabiliser...

a) Define what are expansionary and contractionary discretionary fiscal policies. b) Define what is automatic stabiliser in fiscal policy and provide 2 examples. c) Consider an economy that is operating below the full-employment level of GDP, what would be the effect of an increase in government spending on agreegated demand and real GDP.

What is the difference between automatic stabilizers and discretionary fiscal policy?

What are some limitations of discretionary fiscal policy in combating a recession? What about automatic fiscal...

What are some limitations of discretionary fiscal policy in combating a recession? What about automatic fiscal policy?

1. Consider discretionary fiscal policies. If we look at the direction of these policies, we must...

1. Consider discretionary fiscal policies. If we look at the direction of these policies, we must be careful not to only examine changes in actual budget deficits or surpluses because A. these changes may reflect changes in revenues as a result of the change in gross domestic product. B. All of the other answers are incorrect C. these changes may reflect the changes in government revenues as a result of the change in exports. D. these changes include a general...

Present a thorough analysis of fiscal policy. Detail the effects of discretionary fiscal policies, the various...

Present a thorough analysis of fiscal policy. Detail the effects of discretionary fiscal policies, the various policy levers, the impact of crowding out, time lags, and automatic stabilizer. Please cite sources!

Are contractionary and expansionary fiscal policies economic or political or both? Explain. What is discretionary fiscal...

Are contractionary and expansionary fiscal policies economic or political or both? Explain. What is discretionary fiscal policy? Under what economic circumstances are expansionary and contractionary policies best used?

Distinguish between automatic stabilizers and discretionary fiscal policy in terms of how they affect the economy....

Distinguish between automatic stabilizers and discretionary fiscal policy in terms of how they affect the economy. Give an example of each.

What is the difference between discretionary fiscal policy and automatic stabilizers? Be careful to define each...

What is the difference between discretionary fiscal policy and automatic stabilizers? Be careful to define each carefully. What are the advantages and disadvantages of each?

Briefly describe the difference between Fiscal & Monetary policies. Next identify at least one fiscal and...

Briefly describe the difference between Fiscal & Monetary policies. Next identify at least one fiscal and one monetary policy that was instituted in March 2020 in response to the COVID-19 crisis to help with economic recovery. Using the AD-AS model, explain how these policies were expected to work.

#1 Please identify what they are (i.e., discretionary fiscal policy, monetary policy, or automatic stabilizer) and...

#1 Please identify what they are (i.e., discretionary fiscal policy, monetary policy, or automatic stabilizer) and explain why. 1a) A terrible recession occurs as a result of a bubble in the housing market bursting, and government-funded unemployment compensation is paid out to laid-off workers. 1b) As the economy heats up, the resulting increase in equilibrium GDP results in higher income tax payments, which dampen consumption spending somewhat. 1c) To stem an overheated economy, the president, using special powers granted by...

Subjects