a $440 billion budget deficit
Catégorie : Macroeconomics MyEconLab Ch.13.1 Study Plan Quiz
Read the news clip, then answer the following question. Since 2008, U.S. government debt has ______ because as a percentage of GDP, _______.
increased; outlays increased by more than receipts increased
Fiscal 2018 begins on ______ and supplementary budget laws for 2015 may be passed until fiscal 2015 ends on ______.
October 1, 2017; September 30, 2018
What special role does the president play in creating fiscal policy? Categorize the following statements as either true or false.
false For the United States budget comma the fiscal year runs from January 1 to December 31. nothing true The President proposes a budget to Congress each February. nothing true Congress debates…
Read the news clip, then answer the following question. A « credible business plan » for the government to adopt is a plan to ______.
The government received yen 13.3 trillion in tax revenue in 2012.
What is fiscal policy, who makes it, and what is it designed to influence? ______long dashthe use of the federal budget to achieve macroeconomic objectives such as full employment, sustained economic growth, and price level stabilitylong dashis made by ______ on an annual timeline.
Fiscal policy is; the President and Congress
The federal budget is an annual statement of the _____ of the government of the United States together with the laws and regulations that approve and support them.
Which of the following statements illustrates fiscal policy? The Council of Economic Advisers monitors the economy and keeps the _____ informed about the current state of the economy and the best available…
Given the information provided by the news clip, what would Congress do if it wanted to stop the government’s debt from increasing? Congress would have to _______.
increased taxes and/or decrease expenditure