For more course tutorials visit www.uoptutorial.com 1. Question : The time between the legislation of fiscal policy and its effect on output and employment is called 2. Question : The federal income tax is 3. Question : The largest single item in the federal budget is 4. Question : The Investment Tax Credit 5. Question : The measured deficit would be larger if 6. Question : Opponents of discretionary fiscal policy believe that it 7. Question : Keynes blamed economic downturns primarily on 8. Question : Keynes argued that planned saving was 9. Question : A structural deficit 10. Question : When aggregate planned expenditure falls short of potential output, the economy experiences
For more course tutorials visit www.uoptutorial.com Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.)Â In your post, differentiate the budget deficit from the national debt.Â How do you think the increases in the budget deficits and the national debt will affect the economy in the future? Reference: Chapter 10, section 10.1: Debt and Deficits, and section 10.4: Do Deficits Matter?
For more course tutorials visit www.uoptutorial.com Government Fiscal Policy Between 2007 and 2009 theU.S.economy experienced a severe recession.Â Â In an effort to stimulate the economy, the federal government passed a stimulus package. Explain the federal governmentÂ’s use of fiscal policy (the stimulus) to promote growth and employment.Â Support your ideas with concepts found in the assigned reading. Include the following in your response: • Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government had not acted by passing the stimulus package?Â • If left alone, do you believe the economy would have corrected itself as suggested by Classical economic theory?Â Explain. • Discuss the effect these policies had on increasing the size of the budget deficits and the national debt. Reference:Â Chapter 9, section 9.4: More Recent Tax Changes, and Chapter 10, section 10.2: Early 1990s and 2000s Recessions.Â
For more course tutorials visit www.uoptutorial.com Efforts to Reduce the Budget Deficit The rapid growth of the national debt alarmed some politicians and created pressure for restricting Congress's unlimited ability to spend. After reviewing Chapter 10, Section 10.2: Efforts to Reduce the Deficit, write a 2-3 page paper, formatted according to APA style as outlined in your approved style guide, discussing the actions taken by the Congress since 1985 to reduce the budget deficits. Include some authoritative sources on the current debate between the White House and Congress on what measures are necessary to address spending and revenues, i.e. news reports, official statements, press conferences, as well as numerous government websites. Suggested references: Ashford University Online Library (follow the Library link within the left-handed tool bar). Congressional Budget Office: www.cbo.gov. Internal Revenue Service: www.irs.gov. The Executive Office of the President: www.whitehouse.gov. The paper: • Must be 2 to 3 double-spaced pages in length and formatted according to APA style as outlined in your approved style guide. • Must have a cover page that includes: 1. Title of paper 2. Student’s name 3. Course name and number 4. Instructor’s name 5. Date submitted Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the paper with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use at least three references, including the textbook. One reference must come from the Ashford Library. Must use APA style as outlined in your approved style guide to document all sources. Must include, on the final page, a Reference List that is completed according to APA style as outlined in your approved style guide.
For more course tutorials visit www.uoptutorial.com 1. Question : The term “recession” refers to a 2. Question : Who is NOT a loser in inflation? 3. Question : The transfer of funds from savers to business investors takes place in the 4. Question : If taxes increase and the AS curve is upward sloping, then 5. Question : The turning points of the business cycle are called 6. Question : As an economy recovers from a trough in the business cycle, 7. Question : Short-term unemployment while searching for a new job is called 8. Question : Economists use the phrase "business cycle" when discussing 9. Question : In the circular flow model, how can households use their income? 10. Question : The curve that shows quantities of total real output that will be offered for sale at various price levels
For more course tutorials visit www.uoptutorial.com Who Benefits and Who Loses from Inflation? Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes. Reference: Chapter 4, section 4.3: Gainers and Losers from Inflation.
For more course tutorials visit www.uoptutorial.com The Current State of the Economy and Unemployment Imagine a scenario where there is a decline in aggregate demand. Identify which part of the business cycle is part of a decline in aggregate demand. Gross Domestic Product (GDP) measures the amount of new production. A change in the amount of new production affects employment. Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in aggregate demand. Reference: Chapter 6, section 6.3: Aggregate Equilibrium and Changes in Equilibrium.
For more course tutorials visit www.uoptutorial.com 1. Question : If an individual's income increases, then the demand for a normal good will 2. Question : An example of investment, as defined in economics, is 3. Question : All but which one of the following could shift the demand curve? 4. Question : When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one? 5. Question : When price changes, one should expect a change in 6. Question : Demand relates the various amounts that consumers are willing to buy over a specified time period 7. Question : When the government redistributes income, it is answering a basic economic question. Which one? 8. Question : Self-interested behavior and incentives are 9. Question : Which of the following would be described as capital by an economist? 10. Question : When price changes, there is an opposite change in the
For more course tutorials visit www.uoptutorial.com Role of Government-Discussion 2 Economics is the study of how society chooses to allocate its scarce productive resources (labor, capital, land, entrepreneurial talent). In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources. The United States economy is a mixed economy, with a bias towards market allocation of resources. This means most resources are allocated in the private sector by way of markets. Discuss whether you favor a larger or smaller role of government in the economy. Refer to concepts found in the reading to support your opinion. Reference: Chapter 2: Markets, Governments, and Nations: The Organization of Economic Activity
For more course tutorials visit www.uoptutorial.com Economics Systems-Discussion 1 Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree? Reference: Chapter 1, section 1.1: Economics and Chapter 2, section 2.1: Limited Resources.
For more course tutorials visit www.uoptutorial.com ECO 203 Week 1 Question ECO 203 Week 1 DQ 1 Economics Systems ECO 203 Week 1 DQ 2 Role of Government ECO 203 Week 2 Journal Challenges to the American Labor Force ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation? ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit ECO 203 Week 3 Discussion Question 1 Government Fiscal Policy ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007 To 2008 Recession) ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) ECO 203 Week 4 Journal (Reflection on Government Participation in the Economy) ECO 203 Week 5 DQ 1 Foreign Direct Investment ECO 203 Week 5 DQ 2 Economies In Transition ECO 203 Week 5 Final Expansionary Economic Policy (Fiscal and Monetary)