Discuss how the government can use discretionary fiscal policy and automatic stabilisers to stabilise fluctuations in real GDP. What tools does the government have at its discretion to stabilise the economy? Suppose the government decides to decrease income taxes. Show in a diagram and explain how this policy will lead to an increase in real GDP. Explain how potential output may be affected. A discretionary fiscal policy refers to deliberate changes in the level of government spending‚ transfer
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The Central Government is made up of the Monarchy‚ the Prime Minister with 118 other ministers‚ the House of Commons with 650 members‚ and the House of Lords with an unfixed amount of members. It is the highest form of government in the UK with all the lower governments with their budgets and direction. The monarchy has many roles just a few of these being giving the final approval to all laws and opening parliament each year. The monarch signs her name to every Act of Parliament before it can
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Discuss the role of government policy in reducing unemployment and inflation. In your discussion make use of the diagrammatic representation of the macroeconomy developed in lectures in Term 2 | Unemployment and inflation are factors that have negative effects on the performance of the economy as a whole. Therefore‚ policies to achieve low and stable price inflation‚ a high and stable level of employment are big macroeconomics issues of our time. This essay focuses on discussing the role of government
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Fiscal Policy Paper Discuss within your Learning Team how and why the U.S.’s deficit‚ surplus and debt have an effect on the following: Tax payers Future Social Security and Medicare users Write a 350- to 1‚050-word paper that details your team’s findings. Taxpayers When it comes to the United States deficit‚ surplus‚ and debt have an important impact on taxpayers including the current state of our economy and the large deficit we continue to run in the first place one of the first things that
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Role of Government in Mixed Economies Such As Australia What role do governments have in modern mixed economies such as Australia? Using appropriate indicators (macro economic aggregates) outline the present state of the economy. In what ways is the Commonwealth government using fiscal and monetary policies to influence the Australian economy? What are the main features of the government’s micro economic policy? Why is the government concerned about microeconomic reform? Synopsis: The role of
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Question 1 – Develop an awareness of the client situation (a) List five (5) topics you would discuss with Sarah and Stan at your first meeting. Why are these topics important? Give a brief reason for the need to discuss each topic. (Each discussion topic: 1 mark each ‚ Reason: 1 mark each) 10 marks 1. Personal Details As a financial planning organisation we are subject to certain legislative and regulatory requirements which necessitate us to obtain personal information about Sarah
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in Nigeria. Results also revealed that income has a great role to play on trade flow in the country while the exchange rate volatility which is the main variable in the model has a negative effect on the trade flow. The study therefore recommends that monetary authority should ensure transparency in the process for determining exchange rate such that various economic distortions associated with exchange rate might be minimized and fiscal discipline should also be enforced. 15 Nuroğlo‚ E. and
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form of government we have today‚ we can see that feudalistic ideas play a key factor in our government’s guidelines. WE can take the social rankings during the medieval time period and the social rankings of today and show how similar they are. We can also take the highest level of both social rankings and show how they have the same ideas‚ and standards. Feudalistic governments had social classes that consisted of nobility‚ fiefs‚ serfs and the peasantry. Nobility compares to our national government
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JOURNAL OF RESEARCH IN NATIONAL DEVELOPMENT VOLUME 5 NO 2‚ DECEMBER‚ 2007FISCAL POLICY AND NIGERIAN ECONOMIC GROWTHOmitogun Olawunmi and Ayinla‚ Tajudeen A. Department of Economics Olabisi Onabanjo University‚ Ago-Iwoye Abstract This paper has examined empirically the contribution of fiscal policy in the achievement of sustainable economic growth in Nigeria. Using the Solow growth model estimated with the use of Ordinary Least Square method‚ it was found that fiscal policy has not been effective
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Justice Education/ Criminology [pic] Requirements In Crim. 6 Basic Issues Submitted to: Prof. hipolito B. Quilip Jr. Subject Teacher Prepared by: Marc Andrhey O. Mañacap Student January 14‚ 2011 Introduction A government career with the PNP will mean many things to you: opportunity to make a real difference to the people in your community; variety of work and assignments; satisfaction with your career; and‚ pride in being part of one of the noble professional organization
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