Should the government always balance its budget

Assignment Help Business Economics

Reference no: EM13996083

Should the government always balance its budget? If you think it should, what steps do you suggest that it should take to balance its budget?

What is the relationship between budget deficits and national (public) debt? Why has the USA national debt been increasing for decades?

Reference no: EM13996083

Questions Cloud

His speech against ratification of the constitution : Summarize Madison’s central arguments in Federalist Paper 10 and Federalist Paper 51. Summarize Henry’s central arguments in his speech against ratification of the Constitution. What do these excerpts reveal about each man’s assumptions about human n..

How could understanding domestic politics : How could understanding domestic politics through the major CP theories introduced in this course increase our knowledge about major current events in world politics, such as, among many other important issues the refugee issues many states face now?..

Demand is elastic-inelastic or unit-elastic over price range : Suppose that the total revenue received by a company selling basketballs is $840 when the price is set at $15 per basketball and $840 when the price is set at $10 per basketball. Without using the midpoint formula, can you tell whether demand is elas..

What is the difference between ortho : What is the difference between ortho, para and meta in organic chemistry?

Should the government always balance its budget : Should the government always balance its budget? If you think it should, what steps do you suggest that it should take to balance its budget? What is the relationship between budget deficits and national (public) debt? Why has the USA national debt b..

Argument in favor of economic stabilization during recession : Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive. What are the justifications given in favor of more government involvement in the market econ..

Indicate how the scenario will affect net income : Prepare appropriate entry(s) at December 31, 2011, 2012, and 2013, and for each year indicate how the scenario will affect net income, OCI, and comprehensive income.

Suppose the own price elasticity of demand for good : Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4. Determine how much the consumption of this good will chang..

Stimulus package to boost the aggregate demand : The economy slips into a recession and the government is thinking of providing a stimulus package to boost the aggregate demand. Which of the following is most likely to increase the aggregate demand, all else the same? Increase taxes Reduce transfer..

User Account

All Pages