Question: Why do few economists believe it would be a good idea to balance the federal budget every year?

Why do few economists believe it would be a good idea to balance the federal budget every year?

Step by Step Solution

★★★★★

3.54 Rating (188 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Balancing the governments budget during a recession would require raising taxes or red... 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 (1 attachment)

Word file Icon

1347-B-A-A-M-E(1306).docx

120 KBs Word File

Students Have Also Explored These Related Micro Economics Questions!

Q:

Some economists believe that firms rarely attempt predatory pricing because it would be a very risky act even if it were legal. Why may this be so?

Q:

When you typically enter a front door to any business, you would normally see right off the bat what that business main focal point is or what their mission statement is. Their primary reasons for...

Q:

The client is a mechanical engineer, born and educated in England. The client was married in England in 1962 and he and his wife, Dawn, had three sons born in 1964, 1966, and 1969. In 1967, the...

Q:

Question content area Part 1 Why do few economists argue that it would be a good idea to balance the federal budget every year? Part 2 A . To keep a balanced budget during a recession, taxes would...

Q:

Why do few economists argue that it would be a good idea to balance the federal budget every year?

Q:

Why do few economists argue that it would be a good idea to balance the federal budget every year?

Q:

Why do few economists argue that it would be a good idea to balance the federal budget every year?

Q:

I am looking for a some insight or direction / creative thinkers to give me some direction for an illogocial argument. With respect to the subject in finance, what do you guys think about this? I...

Q:

Congress has recently passed a bill titled the Balanced Budget Millennium Act which provides that Congress must balance the federal budget each year unless a good cause exemption is met. Good Cause...

Q:

assay of what you may think is important and what can be interesting from this reading. Does technology make your life easier? 1.1 Introduction: the "Easier-life Thesis" It is commonly repeated that...

Q:

1. Which of the following are examples of electromagnetic radiation? (a) Gamma rays (b) Sound waves (c) Radio waves (d) Water waves (e) Visible light 2. The particle theory of light explains (a)...

Q:

XYZ received a 5%, 6-month, 380,000 note from a customer when the latter purchased goods from XYZ. The good costed 500,000. What is the journal entry to record the receipt of the note?

Q:

Explain whry a Lender is able finance Land transactions much longer than other Agricultural assets.

Q:

6. Show on a Mundell-Fleming diagram the impact of: (a) a country revaluing its currency within a fixed exchange rate system; (b) a decision to widen the exchange rate bands within a fixed exchange...

Q:

In the answer to Demonstration Problem 42 in the text, we showed a situation in which a gift certificate leads a consumer to purchase a greater quantity of an inferior good than he or she would...

Q:

Provide an intuitive explanation for why a buy one, get one free deal is not the same as a half-price sale.

Q:

In the below figure, a consumer is initially in equilibrium at point C. The consumer??s income is $300, and the budget line through point C is given by $300 = $50X + $100Y. When the consumer is given...

Q:

Gold Stock Market average return 8% 20% standard deviation 25% 22% Your estimate of the assets' correlation is -0.4. 12. What is the average return of a portfolio composed of equal proportions of...

Q:

You have just been assigned to a new manager who believes you have exceptional budgeting skills. Since you began your job last summer, you have been showing management your latest spreadsheets and...

Q:

Consider a box with 5 tickets, numbered from 1 to 5. We will draw 200 times with replacement from this box. (a) The expected value of the sum of draws is ___________ and the standard error is...