Describe the notion of political business cycle
Describe the notion of political business cycle.
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A political business cycle is the perception that politicians are more interested in re-election than in stabilizing the economy. Before the election, they enact tax cuts and spending raise to make happy voters even though it may fuel inflation. After the election, they apply the brakes to hold back inflation; the economy will slow and unemployment will increase. In this view the political procedure creates economic instability.
Refund to Reverted Appropriations: It is a receipt account to record the return of monies (example, abatements and reimbursements) to appropriations which have reverted.
Floor: The Assembly or Senate chambers or the word employed to explain the location of a bill or the kind of session. Matters might be termed to as “on the floor”.
Budget Cycle: The time period needed to made a state financial plan and enacts that part of it applying to the budget year. The Significant events in the cycle comprise: • The preparation of G
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Sinking Fund: It is a fund or account in which money is deposited at customary intervals to offer for the retirement of bonded debt.
Describe Global Economic Crises during 2007-2008 ?
Finance Letter (FL): The proposals made, by the Director of Finance to the chairpersons of the budget committees in each and every house, to amend the Budget Bill and the Governor's Budget from that presented on January 10 to reflect a revised plan of
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