Budget deficit - Study guides, Class notes & Summaries

POLI 2051 FINAL Exam Questions Complete Answers Current Update (Verified A+ Pass) Cabinet - Answers - the group of presidential advisors who head the executive departments. Council of Economic Advisers (CEA) - Answers - members advise the president on economic policy and prepare the Annual Report of the CEA. Crisis - Answers - a sudden, unpredictable, and potentially dangerous event. Impeachment - Answers - the political equivalent of an indictment for removing a discredited presiden...

absolute advantage ~~> the advantage gained when a country's per-unit production cost is lower than that of other countries acceptability ~~> the property of a good or service being universally acceptable in an economy allocation of resources ~~> the distribution of available resources according to the demands and needs of society appreciation ~~> an increase in a currency's value Asia-Pacific Economic Cooperation (APEC) ~~> an economic forum with 21 mem...

Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...

ECN 211 EXAM QUESTIONS AND CORRECT ANSWERS ALREADY PASSED Automatic stabilizers act to moderate business cycles primarily through the personal income and consumption chanel - Answer- True Increased domestic imports and and a higher national trade deficit are possible results of government deficits - Answer- True Which of the following statements about taxation is true? - Answer- A tax cut would raise income and expenditures. For the executive branch of government to approve their plan...

Borrowing Authority - ANSWER permits agencies to incur obligations and make payments to liquidate the obligations out of moneys borrowed from the Treasury Budget Authority - ANSWER Congress provides in appropriations act. This is the authority to enter into obligations that will result in outlays. Budget Deficit - ANSWER amount by which the Government's budget outlays exceed its budget receipts for any given period. Deficits are financed primarily by borrowing from the public. Budget T...

Multiplier effect correct answers The increase in consumer spending that occurs when spending by one person causes others to spend more too Disposable income correct answers Income left after paying taxes -consumption is based on the amount of disposable income -people usually consume part of their disposable income and save the rest MPC correct answers Marginal propensity to consume -the amount consumption increases when disposable income increases by $1 -the MPC is a number between 0...

Certified Defense Financial Manager Course Exam Questions and Answers 100% Pass What was the predecessor to the Constitution? -Answer-Articles of Confederation Where are Federal-Level laws enacted? -Answer-Congress What Article, Section and Clause empowers Congress to collect taxes -Answer-Article 1, Section 8, Clause 1 What occurs when the President does not sign an enrolled bull within 10 days? - Answer-Pocket Veto Which branch of government implements laws? -Answer-Executive Approxim...

CDFM MODULE 1 TEST EXAM QUESTIONS AND COMPLETE 100%CORRECTLY VERIFIED ANSWERS WITH WELL EXPLAINED RATIONALES GRADED A+ BY EXPERTS LATEST UPDATE 2024 ALREADY PASSED!!!!!!! WITH 100% GUARANTEED SUCCESS AFTER DOWNLOAD (ALL YOU NEED TO PASS YOUR EXAMS) This resolution fixes new budget authority and outlay target and establishes target for the Gross National Debt, revenues, and surplus/deficit. Budget Resolution This resolution does not require the signature of the President. It is the first st...

Explain in simple words what do "sticky prices" mean. correct answers Some prices, like wages and long term contracts, cannot adjust right away when the conditions in the economy change. Since prices cannot react, that means that the self-adjustment mechanism that we studied in the past will be ineffective and unable to bring the economy back to full employment on its own without intervention. The Multiplier: a) What is the definition of the MPC? What is the definition of the Multiplier? ...

ECS2602 Macroeconomics EXAM STUDY PACK WITH Q & A 2022. Question 1 Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output decreases with 2% duri...