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Explain how it is possible for the government debt to grow forever.

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The debt can grow because the economy gr...

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In addition to the tax code,other policies reduce the incentives for people to save Provide an example.

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Some government benefits are m...

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Those who believe the central bank should aim for zero inflation argue that reducing inflation is a policy with temporary costs and permanent benefits.What are the primary costs and benefits they are referring to?

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Reducing inflation is likely to result i...

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Why do many economists advocate a consumption tax rather than an income tax?

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The current income tax means that income...

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According to traditional Keynesian analysis,which has a greater impact on aggregate demand,changing taxes or changing government expenditures? Why?

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An increase in government expe...

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Using typical estimates of the sacrifice ratio,how much output would likely be sacrificed to reduce inflation from 4 percent to 2 percent?

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The typical estimate of the sacrifice ra...

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Explain the main arguments in favor of economic stabilization.

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Fluctuations in the economy-recessions a...

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List two costs of inflation.

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shoeleather costs, menu costs,...

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Describe three costs of inflation.

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There are several costs of inflation. Sh...

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According to a 1977 amendment to the Federal Reserve Act of 1913,what are the goals the Fed should promote?

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The amendment indicates the Fe...

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Why might government expenditures be more appropriate than tax cuts to counter recessions? Is there any evidence for this thinking?

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According to the traditional Keynesian m...

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If businesses become more pessimistic about the future,what fiscal policies could the government take to stabilize the economy?

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Increase g...

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Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations.In practice,however,there are obstacles to the use of such policies.What are the primary difficulties with using monetary and fiscal policy to stabilize the economy?

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Both monetary and fiscal policy work wit...

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Is it possible that deficits do not burden future generations?

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Some programs, such as Social Security, ...

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Why might the response of far-sighted consumers reduce the multiplier effect of an increase in government expenditures?

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Consumers may recognize that b...

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What is meant by the political business cycle?

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Central banks sympathetic to i...

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By law what goals are the Federal Reserve to pursue? What,if any,specific weights are given for these goals?

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maximum employment, stable pri...

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What's the basis for arguing that deficits are likely to lead to lower living standards in the future?

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A government deficit means that the gove...

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Suppose that the government goes into deficit in order to help local school districts build better schools.Does this burden future generations?

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The benefits of the project ac...

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Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations.What are some things policymakers can do to boost the economy when aggregate demand is inadequate to ensure full employment?

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Policymakers can increase gove...

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Showing 21 - 40 of 68

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