RECOMMENDED!!The federal budget deficit in 2015-16 was $39.4 billion

  

The federal budget deficit in 2015-16 was $39.4 billion, which was 2.4% GDP. In the 2016-17 federal budget announcement, the Treasurer Scott Morrison MP, said that the government planned to reduce the deficit by $2.3 billion to $37.1 billion, which would be 2.2% GDP.Questions:Is this expansionary or contractionary fiscal policy?Given that (a) the official unemployment rate in 2016 was approx. 5.7%, and (b) there is probably some hidden unemployment and under-employment, which would make the ‘unofficial’ unemployment rate approx. 11%, what would be a Keynesian macroeconomist’s evaluation of the government’s budgetary decision?Let’s say the government wanted to increase GDP by $30 billion. Let’s further say the fiscal multiplier is 1.5. By how much would the government have to increase the budget deficit?

How it works

  1. Paste your instructions in the instructions box. You can also attach an instructions file
  2. Select the writer category, deadline, education level and review the instructions 
  3. Make a payment for the order to be assignment to a writer
  4.  Download the paper after the writer uploads it 

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades