Question: Needs-tested spending is _______ fiscal policy because it _______. A. Automatic; increases in recession and decreases in expansion B. Discretionary; increases when tax revenue increases

Needs-tested spending is _______ fiscal policy because it _______.

A. Automatic; increases in recession and decreases in expansion

B. Discretionary; increases when tax revenue increases

C. Automatic; increases when the government’s budget deficit falls

D. Discretionary; is determined by economic hardship

Step by Step Solution

★★★★★

3.31 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A Needs tested spending a... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1448_6054778c35af0_660923.pdf

180 KBs PDF File

Word file Icon

1448_6054778c35af0_660923.docx

120 KBs Word File

Students Have Also Explored These Related Foundations Macroeconomics Questions!

Q:

How do taxes and needs-tested spending programs work as automatic fiscal policy to dampen the business cycle?

Q:

1. To decrease aggregate demand, a government can either decrease spending or ____ taxes. 2. Contractionary fiscal policy shifts the aggregate demand curve to the ____, ____ prices, and ____ real...

Q:

Multiple Choice Questions: 1. Traditionally, government has used _____________ to influence _____________. a. Taxing and spending; the demand side of the economy. b. Spending; the supply side of the...

Q:

9:29 PM Fri Mar 31 64% bbprod.hvcc.edu Remaining Time: 1 hour, 37 minutes, 23 seconds. Question Completion Status: QUESTION 41 2 points Save Answer Price level (GDP price index, 2009 = 100) AD 2 AD 3...

Q:

Question 1 Not yet answered Marked out of 1.00 Flag question Question text A "recessionary gap" can best be described as the amount by which: Select one: a.real expenditures exceed potential output...

Q:

Review the reading below and provide one paragraph introduction and one paragraph conclusion Honda company overview Honda is a Japanese public multinational corporation. It is not limited to any...

Q:

Macroeconomics 1.Define/explain the following: a.What are the three goals of fiscal policy? b.What are the three goals of fiscal policy? c.What the Laffer curve shows. d.Automatic fiscal policy...

Q:

CH3. Please prepare answers for all 4 questions of the continuing problem on page 134 on your text using the 2015 CAFR of the County of Santa Clara. Please upload your answers below. 1. In which...

Q:

Please read the text pages from 15-28 pasted below and answer the following questions Define: 1) expansionary fiscal policy 2) automatic stabilizers 3) progressive tax 4) contractionary fiscal policy...

Q:

One. How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is, do price and quantity increase or decrease, or...

Q:

Drake Company reported the following for 2014: Current assets................ $ 87,000 Current liabilities................ 19,000 Revenues................ 450,000 Cost of goods sold...............

Q:

Assume the following information for an IT project. Probability of Failure Consequences of Failure Maturity = .7 Cost = .9 Complexity = .7 Schedule = .7 Dependency = .5 Performance = .3 Client...

Q:

complete binary tree such that node stores the key - entry pairs

Q:

8. What factors can lead to workers being paid a wage that differs from their marginal revenue product of labor?

Q:

Describe the trends and fluctuations in the unemployment rate in the United States from 1949 through 2019. In which periods was the unemployment rate above average and in which periods was it below...

Q:

In July 2020, in the economy of Sandy Island, 10,000 people were employed and 1,000 were unemployed. During August 2020, 80 people lost their jobs and didnt look for new ones, 20 people quit their...

Q:

Use the following information gathered by a BLS labor market survey of four households to work Problems. Household 1: Candy worked 20 hours last week setting up her Internet shopping business. The...

Q:

The Sharpe Co. just paid a dividend of $1.40 per share of stock. Its target payout ratio is 40 percent. The company expects to have an earnings per share of $4.95 one year from now. a. If the...

Q:

Question 29 1 pts What is the payback period of a project that has an initial cash outflow of $5,000, at time 0, and the following cash inflows? The required return is 10.0%. Year Cash Inflows 1...

Q:

What is the value today of a money machine that will pay $2,353.00 per year for 18.00 years? Assume the first payment is made 10.00 years from today and the interest rate is 5.00% Answer format:...