Econ

2. What were the weaknesses of each of the following methods of stabilizing the industry?

In addition, the government spending is one of the components of aggregate demand, consequently, lower GDP. In a demand-deficient recession, consumption and investment tend to decrease due to lower income and revenue, the (X-M) component tends to level off or worsen in short run, which makes government spending an essential device to stimulate the economy. Therefore a decrease in the government spending will cause an even deeper recession and a larger budget deficit.

Overspending is a pertinent problem facing the lawmakers in Congress. In 2012 discretionary spending reached $1.3 trillion and mandatory spending $2 trillion, while only bringing in $2.5 trillion in revenue. Since the turn of the century back in 2000, non-mandatory spending by the government has topped out a whopping $16.1 trillion just in the past 13 years (Boccia, Frasser & Goff 2013). This persistent overspending on programs and services that are not necessary to the functionality of the country is what is causing the deficit to rise year after year. To remedy this issue the government must either increase the revenue it brings in through taxes and trade or reduce the amount of money it spend or perhaps even both. In 2012 thirty-one cents of every dollar that Washington spent was borrowed (Boccia, Frasser & Goff 2013). Most of which went to large programs such as Social Security and Medicare and if these large, growing programs, or just the budget in general, do not undergo financial reform it could spell disaster for the economy and fiscal state of the nation.

Refer to Figure 18-4. The shift of the labor demand curve from D1 to D2 could possibly be explained by

3.) If the companies sales are down, people that work for the company would suffer.

I accept late assignments; however, each late assignment will be penalized with a 10% grade deduction for each day late, unless you have made prior arrangements with me. Assignments are due by 11:59 p.m., the day after class meets. For this class, that would be11:59 p.m. on Fridays. If I do not receive it by that time, the assignment is considered late. Additionally, late assignments are not accepted for your final assignment. I am required to turn in grades within seven days of the last night of class. Any time you feel that you might be falling behind in the course, it is best to contact me to discuss your situation.

C. Building the Economy The Fight Over the

Due Date: The first day of the semester. No points will be awarded for late work. Be prepared to participate in a class discussion on the

c) (4 pts.) The Nash equilibrium is for Westinghouse to set its price at __________ and earn a profit of __________ and for General Electric to set its price at ______________ and earn a profit of _____________.

Over prices the income would rise from a 29% from today. There was a long run problem and when they show the history of the U.S. it seems to be falling instead of raising. There was long deficits over 38 years preceding financial problems. The GDP that went down and probably started up was from financial crisis. The survey of the government debt was organized into sections. In the twenty-first century section II had the effects of the debt. According to the view of issuance debt simulates growth. Data from the united states, percentages of gross domestic product risen over the past, two centuries. Many purposes debt has all levels of the government. The cause of this is the united states. The debt rose when the great depression came. The most sharp between 1945 and 1975 growth of gnp exceeded the rates for government debt. The status of security is crucial to future policy’s. The income for accounts are part of the federal outlays. Social security in about fifteen years will rise about two percent. The conditions are expected to cause programs. If the insurance for medicare is considered then it would rise four percent. The government finance system allows OASDI

In which of the following situations is it certain that the quantity of money demanded by the public will decrease?

c. Ignore part (b). Suppose government spending (G) increases by 10. What is the new level of equilibrium income?

1. Discuss the causes of the Great Recession of 2008-10. Does the crisis represent a shift in the centre of global economic power from the United States to China? In your answer discuss the future fate of the US dollar as the preeminent international means of payments and reserve asset.

b. What are the components of a comprehensive budget and what is the purpose of each

In 2007 the U.S government deficit has increased by $3 trillion over the past 10 years. Since 2008, the U.S debt has grown from $9 trillion to about $15 trillion over a few years. Today the U.S federal debt averages around $21 trillion dollars according to the FY19 federal budget. People must concern themselves with the possibility of there being a time where all the money in the federal budget must go towards paying the government's debt and interest rates. As well as what issues people will incur as a result of a  lack of government spending. Of course raising taxes as an option can increase government revenues, but consequently the GDP growth will suffer. Without GDP growth, there will be an off balance of government spending and cuts will need to be  made to help those in underfunded communities. Cutting government spending will lead to a ripple effect of negative bust to the economy. For instance, healthcare cost may increase, and people in low income communities will bear the cost of having to go without it, because they can no longer afford to pay it. Economic growth will decline as well, because every dollar that the government has to spend on paying back its debts will be taking away money from more productive areas of the economy. This stunts growth because governments do not efficiently allocate their resources which leads to a decrease in economic production, worsen recession, and an increase in income taxes. Increased taxes can