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Macroeconomics, 15/e
Campbell R. McConnell, University of Nebraska, Emeritus
Stanley L. Brue, Pacific Lutheran University
Chapter 12 Fiscal Policy
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Web-Based Questions
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Web-Based Questions
- Web-Based Question: Leading
economic indicators–how goes the economy? The
Conference Board, at www.conference-board.org,
tracks the leading economic indicators. Check the summary
of the index of leading indicators and its individual components
for the latest month. Is the index up or down? Which specific
components are up, and which are down? What has been the
trend of the composite index over the past 3 months?
- Web-Based Question: Current
budget projections- deficits or surpluses? The Congressional
Budget Office, at www.cbo.gov,
projects future deficits or surpluses on the basis of various
assumptions about spending and the growth of the economy.
Go to "Current Budget Projections" to find projections
based on the assumption that government discretionary spending
rises at the rate of inflation. What are the CBO projections
for standardized (full-employment) deficits or surpluses
(on budget) as a percentage of GDP over the next 10 years?
Do the projected full-employment budget deficits or surpluses
represent contractionary or expansionary fiscal policy?
How might congressional actions, changes in the economy,
or both, alter the actual budget outcomes?
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Origin of the Idea