In 2020 and 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in cash or assets (for example, stocks, land, a new car) in a year to any one person,Read More →
The overall goal of any expansionary policy is to encourage spending and borrowing. The theory: More money available to individuals and businesses at lower cost will result in the increased purchase of goods and services, stimulating growth. Which of the following is an expansionary monetary policy? A central bank, suchRead More →
It is often called an entitlement program since it guarantees benefits to a particular group, and virtually everyone will eventually qualify for the plan given the relatively low requirements for enrollment. What is discretionary spending Egcc? What is discretionary spending? Government spending that Congress must pass legislation to authorize eachRead More →
Fiscal policy can be distinguished from monetary policy, in that fiscal policy deals with taxation and government spending and is often administered by a government department; while monetary policy deals with the money supply, interest rates and is often administered by a country’s central bank. What are the instrument ofRead More →
The operation lag (or the effects lag) refers to the period of time between the adoption of monetary policy and the final effect of that policy on the economic activity. Does monetary or fiscal policy have a longer time lag? There is much less of a time lag for monetaryRead More →
Decisions about that official interest rate affect economic activity and inflation through several channels, which are known collectively as the ‘transmission mechanism’ of monetary policy. … So changes in the official interest rate affect the demand for goods and services produced in the United Kingdom. What is monetary transmission mechanismRead More →