Has congress essentially abandoned fiscal policy

Reference no: EM131483150

Question: Unless the economy enters a deep recession, we rarely hear Congress discuss the budget in terms of fiscal policy; passing a spending and taxing package for macroeconomic purposes. Most of the discussion is on particular spending priorities for specific programs and bringing home projects for each politician's district. Has Congress essentially abandoned fiscal policy and left macroeconomic stabilization to the Federal Reserve and the setting of monetary policy?

Reference no: EM131483150

Questions Cloud

What is the most likely basis for johns neighbors claim : John's neighbors sue him. What is the most likely basis for their claim? John asserts several defenses. Which of these is likely to succeed?

Define the general tax revenues : Some advocates have suggested that the United States should move to a universal health care plan paid for at the federal level like Medicare.

Define the concept of human rights : Describe the most important human rights challenge that affects global education and justify your position.

Find the tax liability : Compute recaptured depreciation and capital gain (loss), if any and also find the tax liability.

Has congress essentially abandoned fiscal policy : Unless the economy enters a deep recession, we rarely hear Congress discuss the budget in terms of fiscal policy; passing a spending and taxing package.

Why do firms choose to cut or eliminate their dividends : Why do firms choose to cut or eliminate their dividends? What usually happens to the stock price of a company that does this?

Developing human resource policies : Business policies do not override a local, state or federal laws, by which local, state or federal laws can override business organizations policies.

Benefit from the devaluation of the yuan : Why do the Chinese people currently and in the future continue to benefit from the devaluation of the Yuan?

What sort of problems would this introduce for policymakers : A balanced budget amendment to the Constitution is introduced in Congress every so often. Congress would be required to balance the budget every year.

User Account

All Pages