The federal government hires more economists to work at the CBO. This is an example of
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mandatory spending |
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discretionary non-defense spending |
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discretionary defense spending |
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other |
It will come under other categories.Mandatory spending is mandated by law and hiring economists does not come under defense spending.
Answer-Other
The federal government hires more economists to work at the CBO. This is an example of...
The mayor of your hometown has said she will request that the federal government extend a nearby interstate highway so that it passes by the city, stimulating economic growth. However, the federal government is reluctant to do this because it is currently running a budget deficit. If the interstate was extended at a cost of $35 million, what would be the impact of this outlay on the federal government's budget? Choose one or more: A. an increase in discretionary spending...
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Which of the following Federal Government budget items is classified as Discretionary Spending? Social Security Benefits National Defense Maintaining interstate highways more than one of these answers are correct Net Interest
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U.S. Federal Spending Fiscal Year 2009 Other discretionary Medicare and Medicaid 18.7% 16.3% Defense 21.7% Social Security 18.8% Interest on the debt 5.2% Other mandatory 19.3% What is the relative frequency for the category "Interest on the debt?
1. Government spending required by laws other than appropriation acts is also known as what? a. Budget spending b. Mandatory spending c. Discretionary spending d. Deficit spending 2. Which of the following statements is true? a. Mandatory spending is determined by law and discretionary spending is determined by appropriation acts. b. Discretionary spending is determined by the president with advice from Congress, and mandatory spending is determined by the Supreme Court. c. Neither mandatory nor discretionary spending can be changed....
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1. Government economists calculate the effects of an economic stimulus package using estimates of the government spending multiplier. Some economists, though, argue that these economists have overestimated the sizes of the government purchases and tax multipliers. Other economists have argued that the sizes of these multipliers were underestimated. Why do economists have difficulty in reaching agreement on the sizes of these multipliers? nted the sizes of the government
Explain the difference between “active” discretionary fiscal policy advocated by mainstream economists and “passive” fiscal policy advocated by new classical economists. A. Advocates of “active” discretionary fiscal policy argue that the economy is automatically self-correcting when disturbed from its full-employment level of real output. B .are opposed to the use of discretionary fiscal policy, whereas advocates of “passive” fiscal policy are in favor of deficit spending during recessions. C argue that if the economy does not return to full employment...