The budget surpluses-series of budget deficits

Reference no: EM13695139

Why did the budget surpluses in 2000 and 2001 give to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?

Reference no: EM13695139

Questions Cloud

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

Immediate short run aggregate supply curve to be horizontal : What assumptions cause the immediate short run aggregate supply curve to be horizontal? Why is the long run aggregate supply curve vertical? Explain the shape of the short run aggregate supply curve. Why is the short run curve relatively flat to the ..

Cross-price elasticity of demand between goods : Suppose the cross-price elasticity of demand between goods X and Y is -1. How much would the price of good Y have to change in order to change the consumption of good X by 30 percent? 1. What percent?

Debt and debt held by the public : Distinguish between the total u.s. Debt and debt held by the public. Why is the debt as a percentage of GDP more relevant than the total debt? Contrast the effects of paying off an internally held debt and paying off an externally held debt.

The budget surpluses-series of budget deficits : Why did the budget surpluses in 2000 and 2001 give to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?

Define the term use case : Define the term ‘use case' and explain the various types of actors in a Use Case and Describe with examples ‘encapsulation', ‘information hiding', ‘polymorphism' and ‘data abstraction'.

Proportional-progressive and regressive tax system : Explain how built in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built in stability?

Politics-complicate fiscal policy : Briefly state and evaluate the problem of time lags in enacting and applying fiscal policy. How main "politics “complicate fiscal policy? How might expectations of a near term policy reversal weaken fiscal policy based on changes in tax rates? What i..

Identify one customer service channel : Identify one customer service channel that people are willing to use to resolve problems and one channel that they are not willing to use. Provide an explanation for your choices

User Account

All Pages