The governments budget surplus in Macroland has risen consistently over the past five years. Two government policy
Question:
The government’s budget surplus in Macroland has risen consistently over the past five years. Two government policy makers disagree as to why this has happened. One argues that a rising budget surplus indicates a growing economy; the other argues that it shows that the government is using contractionary fiscal policy. Can you determine which policy maker is correct? If not, why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Its impossible to determine which policy maker is correct given the informati...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
Question Posted:
Students also viewed these Business questions
-
The CPA Firm of Abernethy and Chapman is located in the central portion of Virginia. This partnership began operations in 1979 and now employs 145 accountants out of a main office in Richmond and...
-
In the 2011 annual report Royal Dutch Shell reports that it prepares its financial statements under the provisions of the Companies Act 2006 and Article 4 of the International Accounting Standards...
-
The Vanguard Group is an investment firm with more than 50 different mutual funds in which the public may invest. Among these funds are 13 international funds that concentrate on investments in...
-
An inductor has a linear change in current from 50 mA to 100 mA in 2 ms and induces a voltage of 160 mV. Calculate the value of the inductor.
-
Recalculate Dynamic Mattress's 2017 financing plan (Table 19.6), assuming that the firm wishes to maintain a minimum cash balance of $30 million instead of $25 million. Assume the firm can convince...
-
Referring specifically to how biblical worldview beliefs influence your answer, How might/should a biblical worldview influence the way you... 1. think about, treat, and speak to others on a daily...
-
Consider the $4 \mathrm{x} 4$ square matrix below. \[\left[\begin{array}{llll}A & B & C & D \\D & A & B & C \\C & D & A & B \\B & C & D & A\end{array} ight]\] Suppose the rows correspond to subjects...
-
Portfolio Expected Return you own a portfolio that is 50 percent invested in Stock X. 30 percent in Stock Y, and 20 percent in Stock Z. The expected returns on these three stocks are 10 percent, 16...
-
The Art of Brand Positioning in a Global Economy How do demographics and psychographics affect how a brand is positioned and promoted? What challenges and opportunities does the complexity of...
-
A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....
-
In each of the following cases, either a recessionary or inflationary gap exists. Assume that the aggregate supply curve is horizontal, so that the change in real GDP arising from a shift of the...
-
Figure 13-10 shows the actual budget deficit and the cyclically adjusted budget deficit as a percentage of GDP in Canada from 1980-1981 to 2015-2016. Assuming that potential output was unchanged, use...
-
Your company bids for two contracts. You believe the probability you get contract #1 is 0.8. If you get contract #1, the probability you also get contract #2 will be 0.2, and if you do not get #1,...
-
a) Consider a tiny economy of Country A which currently has a total output of $400 million, investment of $50 million and a multiplier of 2. The equilibrium equation for Fraser Island is represented...
-
Michael, a prior client, presents a Form W - 2 with more than one box 1 2 code. LaAdd up the amounts and report the total.Report only the value of the code from last year's tax return.Report only the...
-
The following table is entitled Advertising Spend and Revenues for Cola Companies in Country X (2022) and contains information on advertising spend and annual revenues for the top 5 cola companies in...
-
On April 30, 2024, Jarred Inc. issued 10,000 shares at $1.30 per share. After the share issuance, how many outstanding common shares would Jarred Inc. have and what would be Jarred Inc.'s common...
-
What protections do Green Credit, as the creditor, and its customers, as debtors, have in a credit relationship?
-
A geneticist crosses tall pea plants with short pea plants. All the F 1 plants are tall. The F 1 plants are then allowed to self-fertilize, and the F 2 plants are classified by height: 62 tall and 26...
-
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...
-
1. Consumer Compensation. Consider the story of Coca-Cola and the scoreboard in the chapter. Your job is to fully compensate each student for the cost associated with the soft-drink monopoly. Suppose...
-
1. A patent increases the incentive to develop new products because it ________ the price of the product and thus generates profit to cover a firms costs of _______. 2. In some cases, a patent is...
-
1. Senior Discounts for Movies. Your movie theater charges a single price of $6. The marginal cost of each patron is $1. A recent marketing survey revealed the following information about senior...
-
Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,000 28,000 300,000 450,000 York's outstanding stock consists of 80,000 shares of...
-
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution format...
-
Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 20Y7 20Y6 Cost of goods sold $3,864,000 $4,001,500...
Study smarter with the SolutionInn App