The existence of a budget deficit or a budget surplus tells us very little about the stance

Question:

‘The existence of a budget deficit or a budget surplus tells us very little about the stance of fiscal policy.’ Explain and discuss.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

See More Books

Question Posted: Mar 24, 2024 08:00 AM

See More Questions

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Marx and Engels were two of the most important philosophers in history. Their influence is widely spread around the world to this day. Marx and Engels are deeply critical of the system of life that...
In this question assume that p and q are atomic formulae. (a) Compare and contrast path formulae and state formulae in temporal logic. [4 marks] (b) Describe and contrast the meanings of F(G p) and...
Determine whether the given functions are even, odd, or neither. a. x sin(x) c. x cos(x) e. x sin(x) + x sin(x) f. x sin(x) + x cos(x) even h. x sin(x) + x cos(x) j. x cos (x) + x cos(x) b. x sin(x)...
Refer to the data provided in the P 21-11 for Arduous Company. P21-11 Required: Prepare the statement of cash flows for Arduous Company using the indirect method. ARDUOUS COMPANY Comparative Balance...
The following preliminary unadjusted trial balance of Awesome Co., a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) The debits...
Suppose \(\mathbf{x} \sim M N(n, \boldsymbol{\pi})\) follows a multinomial distribution of size \(n\) and probability \(\pi\). Derive the variance matrix of \(\mathbf{x}\).
The ledger of Custer Company has the following work in process account. Production records show that there were 400 units in the beginning inventory, 30% complete, 1,400 units started, and 1,500...
3. If a proton is launched at a 2.0mm glass sphere with a velocity of 2.0 107 m/s, how might the sphere be charged such that the proton just makes it to its surface.
Adam Smith, the founder of modern economics, remarked in The Wealth of Nations (1776) concerning the balancing of budgets, What is prudence in the conduct of every private family can scarce be folly...
Do you personally gain or lose from inflation?
What is the effect on the volume and terms of trade if a nation's offer curve shifts or rotates toward the axis measuring its exportable commodity? What type of growth and/or change in tastes in the...
What potential ethical issues do you see here? How might managers address these ethical issues?
Give examples of typical and atypical economic agents.
Describe the magic triangle.
What is Gossens first law?
Which economic entities can carry out public tasks?
Reconsider Prob. 818. Using EES (or other) software, study the effect of reducing the temperature at which the waste heat is rejected on the reversible power, the rate of irreversibility, and the...
Explain the differences and similarities between fringe benefits and salary as forms of compensation.
Of 250 administrative and 350 staff employees at Money Bank, 100 of the administrators and 280 of the staff are on flex time. If an employee is selected at random from this group, what is the...
Accounting 536 Teaching Data Analytics using IDEA INTRODUCTION US Superstore has been very successful with sales increasing rapidly. Management desires to begin selling its products globally within...
Describe the role of hemostasis in wound healing and explain in detail the four steps of hemostasis and discuss why hemostasis is affected in people with haemophilia.

The existence of a budget deficit or a budget surplus tells us very little about the stance

Question:

Step by Step Answer:

The stance of fiscal policy depends on its effect on aggregate demand If it ...View the full answer

Essential Economics For Business

Students also viewed these Business questions