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What would happen if no one tried to manage the business cycle?

What role do you see for the Executive Branch of the U.S. government in managing the business cycle?

How does fiscal policy work?

What are its limitations?

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

1. What are the four stages of the business cycle? In which stage do you believe the U.S economy is now? Why?

2. What is the gross domestic product? What is its relationship to productivity?

3. What are the effects of inflation on an economy? What are the effects of deflation? How does the consumer price index work?

4. Explain the difference between monetary policy and fiscal policy. How does the government raise funds to cover the costs of its annual budget?

5. What is the difference between the budget deficit and the national debt

In 2016, economists forecast the U.S. MPS will be 0.15 and the MPM will be 0.10. Estimate the maximum overall total effect on national income of the following two changes in fiscal policy:

a) If a decrease in government spending of $100 billion and a decrease in taxes of $50 billion.

b) If fiscal policy is unchanged (ignore part (a) above) but GPDI from business increases as below, what will be the maximum impact on national income?

An increase in planned business investment spending of $60 billion without any change in fiscal policy.

c) What are some reasons why the maximum multiplier effect might not happen in the U.S.?

In this discussion, you will explain the role of the business cycle in government and private sector decisions. Data on GDP and economic growth are considered lagging indicators because they report information on what is already known.

What sources of forward-looking data exist to help individuals, firms, and governments to anticipate changes in the business cycle?Β  How reliable are these indicators?

Should wages and salaries be indexed to economic performance? What effect would such a measure have on the economy?

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