Public Budgets in Europe

Lecture Macroeconomics in context: A European perspective - Chapter 10: Fiscal Policy. In this chapter you will be able to: Understand the impact of changes in government spending, taxes, and transfers on aggregate demand and output; carry out calculations using “multipliers.”; describe the major types of government outlays, and major government revenue sources; discuss the issue of lags in fiscal policy, and the relative advantages and disadvantages of automatic and discretionary policies.

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Nanotechnology entered the more public arena in 2001 when President Clinton brought worldwide attention to nanotechnology through his budget approval for the US National Nanotechnology Initiative (NNI). The initial budget allocated for nanotechnology in 2001 was $422 million, which demonstrated the anticipated relevance of nanotechnology to the USA economic growth as well as nanotechno- logy’s strategic importance to national security. Three years later, in December

198p beobobeo 01-08-2012 68 8   Download