When current tax revenues exceed government expenditures and the economy is achieving full employment?

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when current tax revenues exceed current government expenditures and the economy is achieving full employment,

answer :When current government expenditures exceed current tax revenues and the economy is achieving full employment: the cyclically adjusted budget has a deficit. When current tax revenues exceed current government expenditures and the economy is achieving full employment: the cyclically adjusted budget has a surplus.

The group of three economists appointed by the president to provide fiscal policy

recommendations is the:

Council of Economic Advisers.

Discretionary fiscal policy refers to:

intentional changes in taxes and government expenditures made by Congress to

stabilize the economy.

Countercyclical discretionary fiscal policy calls for:

deficits during recessions and surpluses during periods of demand-pull inflation.

Fiscal policy refers to the:

deliberate changes in government spending and taxes to stabilize domestic output,

employment, and the price level.

Expansionary fiscal policy is so named because it:

is designed to expand real GDP.

Contractionary fiscal policy is so named because it:

is aimed at reducing aggregate demand and thus achieving price stability.

An economist who favors smaller government would recommend:

tax cuts during recession and reductions in government spending during inflation.

An economist who favored expanded government would recommend:

increases in government spending during recession and tax increases during

inflation.

Discretionary fiscal policy will stabilize the economy most when:

deficits are incurred during recessions and surpluses during inflations.

Assume the economy is at full employment and that investment spending declines

dramatically.

If the goal is to restore full employment, government fiscal policy should be

directed toward:

an excess of government expenditures over tax receipts.

the group of three economists appointed by the president to provide fiscal policy recommendations is the: A. Federal Reserve Board of Governors B. Bureau of Economic Analysis C. Council of Economic Advisers D. Joint Economic Committee

C. Council of Economic Advisers

Discretionary fiscal policy refers to: A. Any change in gov. spending or taxes that destabilizes the economy. B. the authority that the president has to change personal income tax rates. C. Intentional Changes in taxes and gov. expenditures made by congress to stabilize the ec.

C. Intentional Changes in taxes and government expenditures made by congress to stabilize the economy.

Fiscal policy refers to the: A. manipulation of gov. spending & taxes to stabilize domestic O.P., employment, & price level. B. manipulation of gov. spending and taxes to achieve greater equality in the distribution of income. C. altering of the interest rate to change aggregate demand.

A. manipulation of government spending and taxes to stabilize domestic output, employment, and the price level.

Expansionary fiscal policy is so named because it: A. involves an expansion of the nation's money supply B. Necessarily expands the size of government. C. is aimed at achieving greater price stability D. is designed to expand real GDP

D. is designed to expand real GDP

Contractionary fiscal policy is so named because: A. involves a contraction of the nations money supply B necessarily reduces the size of government C. is aimed at reducing aggregate demand and thus achieving price stability D. is expressly designed to expand real GDP

C. is aimed at reducing aggregate demand and thus achieving price stability.

An economist who favors smaller government would recommend: A. tax cuts during recession and reduction sin gov. spending during inflation. B. tax increases during recession and tax cuts during inflation. C. tax cuts during recession and tax increases during inflation.

A. tax cuts during recession and reductions in government spending during inflation.

Suppose the economy is in the midst of a recession. Which of the following policies would most likely end the recession and stimulate O.P.. growth. A. Congressional proposal to incur a Fed. surplus to be used for the retirement of public debt. B. reductions in ag. subsidies & veterans benefits. C. postponement of highway construction program D. Reductions in fed. tax rates on personal & corporate income.

D. Reductions in federal tax rates on personal and corporate income

An appropriate fiscal policy for a severe recession is: A. a decrease in government spending. B. a decrease in tax rates C. appreciation of the dollar. D. an increase in interest rates

B. a decrease in tax rates

An appropriate fiscal policy for severe demand-pull inflation is: A. an increase in government spending B. depreciation of the dollar C. reduction in interest rates D. A tax rate increase

Which of the following represents the most contractionary fiscal policy? A. a $__ billion tax cut B. a $__ billion increase in government spending C. a $__ billion tax increase D. a $__ billion decrease in government spending

D. a $__ decrease in government spending

A contractionary fiscal policy is shown as a: A. rightward shift in the ec.'s aggregate demand curve B. rightward shift in ec's aggregate supply curve C. movement along an existing aggregate demand curve. D. leftward shift in the economy's aggregate demand curve

D. leftward shift in the economy's aggregate demand curve

An expansionary fiscal policy is shown as a: A. rightward shift in ec's aggregate demand curve B. movement along existing aggregate demand curve C. leftward shift in the ec's aggregate supply curve D. leftward shift in the ec's aggregate demand curve

A. rightward shift in economy's aggregate demand curve

a major advantage of the built-in or automatic stabilizers is that they: A. simultaneously stabilize the ec & reduce the absolute size of the public debt B. automatically produce surpluses during recessions and deficits during inflations C. require no legislative action by congress to be made effective

C. require no legislative action by congress to be made effective

The cyclically-adjusted budge refers to: A. inflationary impact that automatic stabilizers have in a full-employ. ec. B. portion of full-employ. GDP that's not consumed in the year produced C. size of the federal gov's budgetary surplus or deficit when the ec is operating at full employ. D. # of workers who are underemployed when level of unemployment is 4-5%

C. the size of the federal government's budgetary surplus or deficit when the economy is operating at full employment

When current government expenditures = current tax revenues and the economy is achieving full employment: A. the cyclically adjusted budget has neither a deficit nor a surplus B. the cyclically adjusted budge has a deficit C. fiscal policy is contractionary D. the cyclically-adjusted budget has a surplus

A. the cyclically adjusted budget has neither a deficit nor a surplus

When current government expenditures exceed current tax revenues and the economy is achieving full employment: A. the cyclically adjusted budget has neither a deficit nor a surplus. B. the cyclically adjusted budget has a deficit C. fiscal policy is contractionary D. the cyclically adjusted budget has a surplus

B. the cyclically adjusted budget has a deficit

When current tax revenues exceed current government expenditures and the economy is achieving full employment: A. the cyclically adjusted budget has neither a deficit nor a surplus B. the cyclically adjusted budget may have either a deficit or a surplus C. the cyclically adjusted budget has a surplus

C. the cyclically adjusted budget has a surplus

The amount by which government expenditures exceed revenues during a particular year is the: A. public debt B. budget deficit C. full-employment D. GDP gap

The amount by which federal tax revenues exceed Federal government expenditures during a particular year is the: A. Federal Reserve B. budget deficit C. budget surplus D. public debt

the crowding out effect of expansionary fiscal policy suggests that:A. government spending increases at the expense of private investment
B. imports replace domestic production
C. private investment increases at the expense of government spending
D. saving increases at the expense of investment

A. government spending increase at the expense of private investment

The U.S. public debt:A. refers to the debt of all units of government-federal, state, and local.
B. consists of the total debt of U.S. households, businesses, and government
C. refers to the collective amount that US citizens and businesses owe to foreigners
D. consists of the historical accumulation of all past federal deficits and surpluses

D. consists of the historical accumulation of all past federal deficits and surpluses

The public debt is held as: A. US securities, corporate bonds, and common stock B. Federal Reserve Notes C. U.S. gold certificates D. treasury bills, treasury notes, treasury bonds, and US savings bonds

D. treasury bills, treasury notes, treasury bonds, and US savings bonds

Money functions as: A. a store of value B. a unit of account C. a medium of exchange D. all of these

If you are estimating your total expenses for school next semester, you are using money primarily as: A. a medium of exchange B. a store of value C. a unit of account D. an economic investment

If you place a part of your summer earnings in a savings account, you are using money primarily as a: A. medium of exchange B. store of value C. unit of account D. standard of value

If you write a check on a bank to purchase a used Honda Civic, you are using money primarily as: A. a medium of exchange B. a store of value C. a unit of account D. an economic investment

When economists say that $ serves as a medium of exchange, they mean that it is: A. a way to keep wealth in a readily spendable form for future use. B. a means of payment C. a monetary unit for measuring and comparing the relative values of goods D. declared as a legal tender by the government

The paper money used in the United states is: A. national bank notes B. treasury notes. C. united states notes D. federal reserve notes

When the current tax revenues exceed current government expenditures and the economy is achieving full employment?

What happens when government revenues exceed expenditures?

Which of the following represents a situation where tax revenues exceed government spending?

What happens when government spending is greater than government tax revenues quizlet?