The U.S. budget deficit has reached a record high of ($2.1) trillion during the first eight months

Question:

The U.S. budget deficit has reached a record high of $$2.1$ trillion during the first eight months of the fiscal year. The deficit is propelled by expenditures on jobless benefits, nutrition assistance, and Covid-19 relief programs.

Explain the effect of the U.S. budget deficit on U.S. investment, the real interest rate, and economic growth.

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

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 9780137470822

14th Edition

Authors: Michael Parkin

See More Books

Question Posted: Apr 07, 2024 04:00 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
Glencoe First National Bank operated for years under the assumption that profitability can be increased by increasing dollar volumes. Historically, First Nationals efforts were directed toward...
Acme Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. One particular reporting unit, Martel, emerged as a candidate for possible goodwill impairment....
1. How does Tesla Motors strategy fit with the various strategy definitions in Figure 1.1? 2. What seems to account for Teslas success? Figure 1.1 '..the determination of the long-run goals and...
Explain double materiality. Do you think stakeholders are interested in the impact of climate-related risks on the firm or the impact of the firm on climate? Which stakeholders would they be? If you...
Monohan Machinery specializes in developing weedharvesting equipment that is used to clear small lakes of weeds. George Monohan, president of Monohan Machinery, is convinced that harvesting weeds is...
Total Energy (a) Conserved 12. Which one of the following is true in the case of inelastic collisions? Kinetic Energy Conserved Momentum Conserved (b) Conserved Not Conserved Conserved (c) Conserved...
The product-as-a-service business model can generate large profits. Instead of producing and selling a product, the producer is responsible for the product for its entire life. The customer uses the...
Derive the likelihood for the tobit type II model. Show that your likelihood reduces to equation (16.5) in the case of uncorrelated disturbance terms. n2. (16.5) -(-)-(-2)/02 L = [] {(p;)" (1 p;...
Bob Miller and Whitney Abayo are partners with capital balances of $1,750 and $350, respectively. They share all profits and losses equally. From the following independent situations, journalize the...
AAA Inc., a pharmaceutical firm, provides discounted prescription drugs through direct mail. AAA has a small systems staff that designs and writes AAAs customized software. With the addition of a...
A 0.013 kg rubber stopper is attached to a 0.93 m length of string. The stopper is swung in a horizontal circle, making one revolution in 1.18 s. Find the speed of the stopper in (m/s).
What is the efficiency of a heat engine that performs 700 J of useful work from a reservoir of 2700 J?
1. Create a class that will accept id numbers ranging from 1 to 29 (please do this) 2. The id numbers are nodes of a binary tree. 3. Traverse the tree in inorder, preorder, and postorder and display...
Could you discuss the role of chaos engineering practices in validating and improving the fault tolerance of distributed systems, whereby intentionally injecting failures and simulating real-world...
A 12 kg steel container has 0.2 kg superheated water vapor at 1000 kPa, both at 200oC. The total mass is now cooled to ambient temperature 30oC. How much heat transfer was taken out and what is the...
Catalytic hydrogenation of naphthalene over PdC results in rapid addition of 2 moles of H 2 . Propose a structure for this product.
In government accounting, what is the the four main bases of accounting is similar to the full accruals basis, but it is simpler because it does not involve the capitalization of fixed assets (nor...
You are considering providing a credit facility to a group of businesses, owned by single holding company. The main trading is conducted through the two subsidiary companies, both of which require...
Princeton Enterprises is a diversified cBlasco Distributors has become a large conglomerate. Its board of directors recently concluded that the firm has become so large that it has lost its...

The U.S. budget deficit has reached a record high of ($2.1) trillion during the first eight months

Question:

Step by Step Answer:

The US budget deficit increases the demand for loanable fund...View the full answer

Macroeconomics

Students also viewed these Business questions