The relationship between public expenditure and inflation in Canada
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The relationship between public expenditure and inflation in Canada
The relationship between public expenditure and inflation in Canada is complex and multifaceted, and there are differing opinions among economists regarding the nature and strength of this relationship. In this essay, we will explore the key factors that influence the relationship between public expenditure and inflation in Canada.
Firstly, it is important to understand the meaning of public expenditure and inflation. Public expenditure refers to the total amount of money spent by the government on goods and services, such as education, healthcare, infrastructure, and defense. Inflation, on the other hand, refers to the rate at which the general level of prices for goods and services is rising and subsequently reducing the purchasing power of currency.
There is no clear consensus among economists on the relationship between public expenditure and inflation. Some argue that increasing public expenditure can lead to inflation, while others contend that there is no clear relationship between the two variables. It is important to note that the relationship between public expenditure and inflation can be influenced by a variety of factors, including the state of the economy, the level of government debt, and the effectiveness of fiscal policy.
In Canada, the relationship between public expenditure and inflation has been a topic of debate for many years. The Canadian government spends a significant portion of its budget on healthcare, education, social services, and infrastructure. In recent years, there has been an increase in public expenditure, particularly in response to the COVID-19 pandemic.
One argument for the relationship between public expenditure and inflation is that an increase in government spending can lead to an increase in demand for goods and services. As demand increases, prices are likely to rise, leading to inflation. This argument is supported by the monetarist theory, which suggests that changes in the money supply are the primary cause of changes in the price level.
However, this argument is not universally accepted. Keynesian economists argue that government spending can help to stimulate the economy and prevent inflation. According to this view, when the economy is in a recession, an increase in public expenditure can help to boost demand and create jobs, which can lead to higher levels of economic growth and lower levels of inflation.
The relationship between public expenditure and inflation in Canada has also been influenced by other factors, such as the level of government debt. When a government spends more money than it collects in revenue, it must borrow money to cover its expenses. This can lead to an increase in government debt, which can lead to higher interest rates and inflation. However, this relationship is not always straightforward. In some cases, an increase in government debt can lead to lower interest rates and lower inflation, particularly if the economy is in a recession.
In addition to government debt, the effectiveness of fiscal policy can also influence the relationship between public expenditure and inflation. Fiscal policy refers to the use of government spending and taxation to influence the economy. If fiscal policy is well-targeted and effective, it can help to stimulate the economy and prevent inflation. However, if fiscal policy is poorly designed or implemented, it can lead to inflation and other economic problems.
In conclusion, the relationship between public expenditure and inflation in Canada is complex and multifaceted. While some argue that increasing public expenditure can lead to inflation, others contend that there is no clear relationship between the two variables. The relationship between public expenditure and inflation can be influenced by a variety of factors, including the state of the economy, the level of government debt, and the effectiveness of fiscal policy. As such, it is important to carefully consider the context and the specific circumstances when assessing the relationship between public expenditure and inflation in Canada.
The relationship between public expenditure and inflation in Canada
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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