Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. during an economic contraction, why is it likel

1. During an economic contraction, why is it likely that the federal government budget will...

60.1K

Verified Solution

Question

Accounting

1. During an economic contraction, why is it likely that the federal government budget will move into deficit?

2. Identify and discuss whether each of the following is: an expansionary fiscal policy; a contractionary fiscal policy; or not a fiscal policy.

i. The personal income tax rate is lowered.

ii. The government increases spending on defence due to a change in spending priorities.

iii. The company income tax rate is lowered.

iv. New South Wales builds a new tollway to expand employment and ease traffic congestion.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

An article suggested that yield strength (ksi) for A36 grade steel is normally distributed with μ...

Statistics
Q

1. Consider three, separate samples of gas: ammonia, chlorine, and argon. Each sample hsa a volume...

Chemistry
Q

Discuss your understanding of Social Psychology. What is it? How does it differentiate from other disciplines...

Psychology
Q

Which of the following are possible causes of a lowered PCV Incorrect answers will be...

Biology
Q

A sphere fits inside a cube with the sphere s diameter equal to the width...

Basic Math
Q

dA Find the amount A in an account with continuously compounded interest after t years...

Calculus
Q

When does a function have a point of discontinuity Give an example of a function...

Algebra
Q

Eliminate the parameter t Then use the rectangular equation to sketch the plane curve represented...

Algebra
Q

To prepare this TMA, students should analyse the factors of success or failure of any...

Accounting
Q

The company has just hired a new marketing manager, who insist that unit sales can...

Accounting
Q

Loker Incorporated's fiscal yesr-endis December 31, 2021. The following is an adjusted trial balance as...

Accounting
Q

A woman deposits $9000 at the end of each year for 15 years in an...

Accounting