Foundational Concepts of Marketing Management Guide
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112 cards
Question: What is an older name for fiscal policy (in the provided content)?
Answer: No exact older name given; the content asks '= starší název pro fiskální politiku?' but does not provide an answer.
Question: What is fiscal policy described as in the content?
Answer: A tool of the state to influence the national economy; choices by government about the level of spending and taxation (Mankiw, Macroeconomics, 2019).
Question: What is expansionary fiscal policy and its intended effect?
Answer: Expansionary policy aims to stimulate the economy: government spending > taxes leading to higher consumption and higher GDP.
Question: What is restrictive (contractionary) fiscal policy and its primary effect?
Answer: The opposite of expansionary: raising taxes or reducing spending to slow the economy; increases in taxes lead to economic slowdown (per Holman).
Question: How can restrictive fiscal policy affect government debt according to the content?
Answer: By reducing deficits (when spending < tax revenues), it lowers government debt.
Question: How does the state budget function according to MFČR?
Answer: The state budget is the plan of the state's financial management for the fiscal year, ensuring economic, social and political functions; through it th
Question: What legal form does the state budget take?
Answer: The state budget takes the form of a law proposed by the government and approved by the Chamber of Deputies (example: Act No. 433/2023 Sb.).
Question: What three variants can a state budget have?
Answer: Balanced, surplus (přebytkový), or deficit (schodkový) budgets, reflecting the state's economic policy and reaction to economic conditions.
Question: What are the main functions of the state budget listed in the content?
Answer: Allocative (alokační), redistributive (redistribuční), and stabilizing (stabilizační) functions.
Question: For the 2024 Czech state budget: what are the planned revenues, expenditures, and deficit?
Answer: Planned revenues: 1,940.0 billion Kč; planned expenditures: 2,192.0 billion Kč; planned deficit (saldo): 252.0 billion Kč.