During an economic expansion, budget revenues:Group of answer choicesand government outlays decrease.remain constant.decrease.increase.
Question
Solution 1
During an economic expansion, budget revenues typically increase. This happens because economic growth leads to higher income levels, which in turn results in higher tax revenues for the government. Additionally, as businesses perform better, they pay more in corporate taxes.
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Which of these effects of expansionary spending would a government most want to avoid?
If the government purchases increase, then the planned expenditure line:remains the same.is indeterminate.shifts downward.shifts upward.
The 2020-21 budget was an example of Group of answer choicesexpansionary fiscal policycontractionary fiscal policy
Which of the following is a benefit derived from budgeting?
Explain why contractionary fiscal policy may have a limited effect on economic activity.
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