A country that can print money can never have a budget deficit that is too high. Discuss.
Question:
A country that can print money can never have a budget deficit that is too high. Discuss. (Post-Keynesian)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Since a government that can print money can have the central bank buy th...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
a. Just to review: Back in Chapter 8 on price ceilings and floors, we illustrated price ceilings with a horizontal line below the equilibrium price. Did price ceilings create surpluses or shortages?...
-
A country that has never had its own currency has formed a central bank and put you in charge of developing money. It needs to perform the necessary functions of any good currency efficiently (i.e.,...
-
1. What was the impetus for Argentina's currency board system? 2. How successful was Argentina's currency board? 3. What led to the downfall of Argentina's currency board? 4. What lessons can we...
-
The California State Auditors Office assesses the fiscal health of the states cities and posts the information on Fiscal Health of California Cities (www.auditor.ca.gov/ bsa/cities_risk_index). The...
-
Explain the difference between the individual confidence level and the family confidence level. Which confidence level is appropriate for multiple comparisons? Explain your answer.
-
The trial balance columns of the worksheet for Briscoe Company at June 30, 2010, are as follows. Other data: 1. A physical count reveals $300 of supplies on hand. 2. $100 of the unearned revenue is...
-
What three elements must be included in the caption of a complaint?
-
Triple H Construction Co. contracted with Hunters Run Stables, Inc., to erect a horse barn and riding arena on Hunters Runs property in Big Flats, New York. Hunters Run got a guarantee in its...
-
Jackson Inc. is preparing a flexible budget for 2017 and requires a breakdown of the cost of steam used in its factory into the fixed and variable elements. The following data on the cost of steam...
-
H. Barrajas, T. Dingler, and R. Fisk have capital balances of $95,000, $75,000, and $60,000, respectively. They share income or loss on a 5 : 3 : 2 basis. Fisk withdraws from the partnership under...
-
How is structural stagnation different from a normal downturn?
-
Since the growth rate is of central importance to policy, how can one decide who is right about what the trend growth rate for policy should be?
-
Name the four categories of terms.
-
The business manager at Econ Store finds when she increases the price of Econ Cola from $1.00 to $1.25, the quantity sold decreases from 1000 to 600 liters. What is the price elasticity of demand? Is...
-
Dr. Jones, has made it a practice of canceling and rescheduling patient appointments with little advance notice. Cindy is responsible for scheduling and rescheduling patient appoints, however, she...
-
D A 60 m long, 120 kg steel cable is connected to two poles. The tension force in the cable is 1,027 N. The wind makes the cable vibrate with a frequency of 1.5 Hz. What is the wavelength of the...
-
Part 1: A trip to the Rock and Roll Hall of Fame In 2005, the Irish band U2 was inducted into the Rock and Roll Hall of Fame. When we look at the distribution of song lengths, in seconds, across all...
-
What can you determine/tell about the metal from this microstructure? 20 m
-
A mechanic???s toolbox contains the two wrenches and two screwdrivers shown in Figure Q8.8. While working on her vintage car, the mechanic comes across a stubborn and rusted bolt. Which wrench would...
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
Suppose that a certain country has an MPC of .9 and a real GDP of $400 billion. If its investment spending decreases by $4 billion, what will be its new level of real GDP?
-
The data in columns 1 and 2 in the accompanying table are for a private closed economy: LO4 a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy. b. Now open up this...
-
The data in columns 1 and 2 in the accompanying table are for a private closed economy: LO4 a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy. b. Now open up this...
-
Linger Products uses a two-stage allocation method to assign costs to its products. The following information has been provided for March: Units Machine hours Direct labor hours Direct materials...
-
Rodolfo is a 25-year-old Italian citizen who is in the United States on vacation. He speaks very little English. During one night while he was out celebrating a friend's birthday, Rodolfo drove his...
-
Discuss the role of advanced energy storage technologies, such as lithium-ion batteries and solid-state batteries, in enhancing the reliability and integration of renewable energy sources like solar...
Study smarter with the SolutionInn App