Examlex

Solved

The Diagram Below Shows Two Budget Deficit Functions for a Hypothetical

question 53

Multiple Choice

The diagram below shows two budget deficit functions for a hypothetical economy. The diagram below shows two budget deficit functions for a hypothetical economy. FIGURE 31-2 -Refer to Figure 31-2.Initially,suppose the economy is at point A on budget deficit function .Real GDP (Y) is $100 million.If the government implements a fiscal policy that causes the budget deficit function to shift to ,we can conclude that the policy was ________ and the structural deficit will be ________ than previously. A) expansionary; smaller B) expansionary; larger C) contractionary; larger D) contractionary; smaller FIGURE 31-2
-Refer to Figure 31-2.Initially,suppose the economy is at point A on budget deficit function The diagram below shows two budget deficit functions for a hypothetical economy. FIGURE 31-2 -Refer to Figure 31-2.Initially,suppose the economy is at point A on budget deficit function .Real GDP (Y) is $100 million.If the government implements a fiscal policy that causes the budget deficit function to shift to ,we can conclude that the policy was ________ and the structural deficit will be ________ than previously. A) expansionary; smaller B) expansionary; larger C) contractionary; larger D) contractionary; smaller .Real GDP (Y) is $100 million.If the government implements a fiscal policy that causes the budget deficit function to shift to The diagram below shows two budget deficit functions for a hypothetical economy. FIGURE 31-2 -Refer to Figure 31-2.Initially,suppose the economy is at point A on budget deficit function .Real GDP (Y) is $100 million.If the government implements a fiscal policy that causes the budget deficit function to shift to ,we can conclude that the policy was ________ and the structural deficit will be ________ than previously. A) expansionary; smaller B) expansionary; larger C) contractionary; larger D) contractionary; smaller ,we can conclude that the policy was ________ and the structural deficit will be ________ than previously.

Definitions:

Executive Compensation

Refers to the total package of pay and benefits offered to an organization's top executives, including salaries, bonuses, stock options, and other financial rewards.

Real Wage

The purchasing power of wages, considering the effects of inflation; the amount of goods and services that can be bought with the wages.

Natural Capital

The world's stocks of natural assets which include geology, soil, air, water, and all living things.

Aptitude

A natural ability or skill that makes it easier for someone to learn certain types of tasks.

Related Questions

Q29: Other things being equal,when changes in technology

Q29: The principles of heredity were first established

Q30: Which of the following statements about purchasing

Q31: Refer to Figure 30-2.At E<sub>0</sub>,the unemployment rate

Q33: The government's structural budget deficit is the

Q44: Suppose that at the current world price

Q59: In general,if a central bank chooses to

Q73: In general,the sacrifice ratio will be smaller,the<br>A)shorter

Q80: Consider the monetary transmission mechanism.If the Bank

Q109: Consider the North American Free Trade Agreement