Admin Table of Contents
- 1 What role does the Office of Management and Budget play?
- 2 What is the Office of Management and Budget responsible for quizlet?
- 3 Where is the Office of Management and Budget?
- 4 Which of the following determines the fiscal policy of the federal government?
- 5 When was the Office of Management and Budget established?
- 6 What determines the fiscal policy of the federal government quizlet?
What role does the Office of Management and Budget play?
he Office of Management and Budget (OMB) assists the President in carrying out his budgetary duties. Originally created by the 1921 Budget and Accounting Act as the Bureau of the Budget, it was reconstituted as OMB in 1970. Its primary function is to oversee the development and implementation of the federal budget.
What is the Office of Management and Budget responsible for quizlet?
The main function of the OMB is to assist the president in preparing the budget. [2] The OMB also measures the quality of agency PROGRAMS, policies, and procedures and to see if they comply with the president’s policies.
What is one of the major uses of government fiscal policy?
Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
Who runs the Office of Management and Budget?
Office of Management and Budget
| DIRECTOR | Shalanda D. Young, Acting |
| Deputy Director | Shalanda D. Young |
| Deputy Director for Management | Jason S. Miller |
| General Counsel | Samuel R. Bagenstos |
Where is the Office of Management and Budget?
Washington, DC
The Office of Management and Budget (OMB) is part of the Executive Office of the President. Located next to the White House in Washington, DC, OMB is a small agency of fewer than 500 professional and administrative staff.
Which of the following determines the fiscal policy of the federal government?
Fiscal policy refers to the tax and spending policies of the federal government. Fiscal policy decisions are determined by the Congress and the Administration; the Fed plays no role in determining fiscal policy.
What is the role of fiscal policy in controlling inflation?
Fiscal Policy Measures to Control Inflation Typically, when the aggregate demand exceeds the aggregate supply, an inflationary gap arises. Increase the rate of taxes causing individuals to decrease their total expenditure, leading to a decrease in demand and a drop in the money supply in the economy.
What is the budget of the Office of Management and Budget?
$92.8 million
The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP)….Office of Management and Budget.
| Agency overview | |
|---|---|
| Annual budget | $92.8 million (FY 2011) |
| Agency executives | Shalanda Young, Acting Director Shalanda Young, Deputy Director |
When was the Office of Management and Budget established?
July 1, 1970
United States Office of Management and Budget/Founded
What determines the fiscal policy of the federal government quizlet?
Terms in this set (9) Fiscal policy decisions are determined by the Congress and the Administration; the Federal Reserve plays no role in determining fiscal policy.