3. What is the impact of the Brexit on the UK and global economies? Elaborate. How would you have voted if you were a British citizen? Why? How would you advise the British Prime and Finance Ministers to manage this situation going forward?
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- posting this again, can you tell me which questions i've gotten wrong? i dont need any explanations for the ones i've gotten right. i just dont know which ones i've missed- if you could explain those that'd be fantastic. thanks 4- Tax cuts in the classical range of the AS will stimulate output and unemployment -false 5- Increasing welfare payments by borrowing money to do so will increase AD- true 6- if the mpc increases, the multiplier decreases- false 7- if the mps increases the multiplier decreases -true 8- part of the cost of growing government budget deficits is and “opportunity cost” of what else could have been done with the money, particularly if the borrowing is used to increase consumption spending. -true 9- tax cuts in the classical range of the AS curve will stimulate output and employment. -true 10- if the AS curve were flat/horizontal an increase in AD would not be inflationary- true 11- an increase in AD might be cause by improving technology in manufacturing processes.…2. What is the likely impact of BREXIT for American-based companies doing business in Britain?Discuss one impact of Brexit on the people in the UK.
- why did many government introduce "austerity" policies after the 2008/2009 financial crisis eventhough their economies were exhibiting recessionary GDP gaps and unemployment was high, and despite the fact that keynesian economics suggested that governments should do the opposite please help ASAP thankyou :DIn Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What are the possible benefits of a…In Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What prompted greater intervention by the…
- -How do propensities affect the outcomes?part 4 5 6 neede d i need this in word not handwritten Q7. Assume that in 2015, the following prevails in the Republic of Nurd: Y = $200 G = $0 C = $160 T = $0 S = $40 I (planned) = $30 Assume that households consume 80 percent of their in- come, they save 20 percent of their income, MPC = 0.8, and MPS = 0.2. That is, C = 0.8Yd and S = 0.2Yd. Is the economy of Nurd in equilibrium? What is Nurd’s equilibrium level of income? What is likely to happen in the coming months if the government takes no action? 2. If $200 is the “full-employment” level of Y, what fiscal policy might the government follow if its goal is full employment? 3. If the full-employment level of Y is $250, what fiscal policy might the government follow? 4. Suppose Y = $200, C = $160, S = $40, and I = $40. Is Nurd’s economy in equilibrium? 5. Starting with the situation in part d, suppose the government starts spending $30 each year with no taxation and continues to spend $30 every period. If I…Would an increase in federal spending on the space program generate a multiplier effect on the U.S. economy? What impact would the additional spending have in Houston, Huntsville, Florida's, Space Coast, and similar areas with a heavy concentration of space facilities? What impact would higher taxes to finance the additional spending have in other areas of the country?
- describe the economic viewpoints and theories of John Maynard Keynes. What were his views of the causes recessions and solutions to fixing them? In his view, what place did government have to improve markets? What does the concept of "crowding out" mean in all of this?HELP ME PLEASE 20 MINS LEFT!!! A- if this economy was an open economy without a government sector, what would be the level of gdp and aggregate expenditure? B- If the economy becomes an open economy without a government sector, what would he the level of gdp and aggregate expenditure? C- Calculate the size of the multiplier associated with changes in government spending D- What is the effect if adding the government sector to the economy on the GDP and the AE? Show your calculationsLooking at economics and class in the 1920s, wealth accumulation, and wealth inequality in the US during this time. - What were the main causes of the Great Depression? What were President Hoover’s responses and how did the public at large react? - Is there any parallels with the last decade regarding fiscal corruption that led to the Great Depression and the recent financial crisis that hit in 2007 and 2008, or the one that we are experiencing in 2020 as a result of COVID-19 lockdowns?