Alberta Premier Ralph Klein said the following in 1993 when announcing a 20 percent pay reduction...
Alberta Premier Ralph Klein said the following in 1993 when announcing a 20 percent pay reduction for provincial employees: “Never again will this government or the people of this province have to set aside another tax dollar on debt….” This response would:
a reduce tax revenues and the debt, but would also reduce economic activity which is already too low due to the recession.
b lower government spending and the deficit, but would also increase economic activity which is too low due to the recession.
c lower government spending and the deficit, but would also reduce economic activity which is already too low due to the recession.
d reduce tax revenues and the debt, but would also increase interest rates which will lower economic activity.
Homework Answers
Correct Answer:
C
Paying lower wages & salaries, will reduce the government spending. At the same time, deficit will also be reduced. But, lower wage and salaries will reduce the disposable income and demand will decrease. It will cause the economic activities to be slowed in the economy.
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Alberta Premier Ralph Klein said the following in 1993 when
announcing a 20 percent pay reduction...
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Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditSarah Silbiger/The New York Times
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Federal spending outpaced revenue by $317 billion over the first
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Office.CreditCreditSarah Silbiger/The New York Times
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Hi can you help make a summary about this short article and how
it affects me economically as US citizen ?
Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditSarah Silbiger/The New York Times
Image
Federal spending outpaced revenue by $317 billion over the first
three months of fiscal 2019, according to the Congressional Budget
Office.CreditCreditSarah Silbiger/The New York Times
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Tankersley
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