What are the main categories of U.S. federal government spending
1-What are the main categories of U.S. federal government spending?
2-What is the difference between a budget deficit, a balanced budget, and a budget surplus?
3-What are the main categories of U.S. federal government taxes?
4-Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and sketch a diagram using aggregate demand and aggregate supply curves to illustrate your answer:
a. A recession.
b. A stock market collapse that hurts consumer and business confidence.
c. Extremely rapid growth of exports.
d. Rising inflation.
e. A rise in the natural rate of unemployment.
f. A rise in oil prices.
Requirements: one paragraph for each question and 3-5 references
Answer preview to what are the main categories of U.S. federal government spending
APA
723 words
Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below