Question 18 If the United States was experiencing a recession, Congress might Increase spending and cut taxes Decrease spending and increase taxes
Q: In a binomial interest rate tree model, assume that the six-month rate process starts on date 0 (=0)...
A: Introduction Initially the price of 6 month is 0 and after 6 month it will either increases or decre...
Q: The Filthy Chemical Company dumps 100 tons of pollutants every year in the Pristine Lake. The Trout ...
A: Total amount of waste dump in the lake = 100 tons Constant average cost for cleaning the pollutants...
Q: Which primary care physician compensation scheme from the list below will lead to the highest level ...
A: When talking about health insurance, it can be said that their are different types of plan for diffe...
Q: The Federal Reserve determines that the equilibrium level of output is above full employment and the...
A: Inflation is the rise in the price of practically all goods and services in the economy. It has an a...
Q: Assume that the cost data in the following table are for a purely competitive producer: Total Margin...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: Joon's Marshallian demand function for good X and Y is I given by: X* Suppose that Px=3, a = 0.8, ß ...
A: Income Elasticity of demand measures the percentage change in the quantity demanded due to the perce...
Q: • S = -1250 + 0.4 Y, I= 750 – 1600i • Ms= 1100, Mt = 0.15Y and Mp = 0.10 Y • A. Calculate Y eq, S, I...
A: Consumption expenditure refers to the amount of money consumers spend on goods and services, and spe...
Q: Jun works every week and is paid by the hour. From each week’s paycheck a constant amount is taken o...
A: Jun worked 30 hours and had a take-home pay of $245.17. Another week she worked 40 hours and took ho...
Q: The demand curve for a monopolist is given by x 100 4p ) Find TR, AR and MR (i) At what value of x, ...
A: To find the relevant answers, we will first convert the demand function into inverse demand function...
Q: If the depreciation rate increases from 5% to 10%, it will ___ in the long run. decrease the level ...
A: A decrease the level of output Due to the decrease in the depreciation rate it would likely be an im...
Q: . If the marginal (additional) opportunity cost is a constant then the PPC would be
A: To find : Value of PPC.
Q: Assume the following consumption schedule: C=20+0.9Y, where C is consumption and Y is disposable inc...
A: The given consumption schedule is C=20+0.9Y Where C= Consumption Y is the disposable income The aut...
Q: Assume that the marginal cost of production is less than the average variable cost. Can you determin...
A: Average Variable Cost refers to the variable cost per unit of output. It can be calculated by dividi...
Q: 3 Explain how economies of scale can be a barrier to entry.
A: Barriers to entry is an economics and business term describing factors that will stop or impede newc...
Q: Assume that the economy is in a full employment equilibrium. There is an increase in consumer sentim...
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...
Q: If the central bank wants to achieve a long-run target inflation rate of p, at what rate should the ...
A: A money demand function displays the influence that some aggregate economic variable will have on th...
Q: An investor has £13,000 in a fund generating a 5% return, with a 2.5% initial cost and an annual cha...
A: Initial cost @ 2.5%=13000*0.025=325 Fund value at the beginning=(13000-325)=12675. Annual Charge=0.5...
Q: Using the interest bearing note illustration, let us compute the: a. maturity date b. maturity value...
A: Introduction The note will mature after six months. So its maturity date will be after six months of...
Q: True or flase questions. Need asap. I put the answers I got for each one. 1.The price level is mea...
A: Here, the given three statements gives information about the nature and behavior of market price ove...
Q: 3) If you are the attacker, and you know that the defender is going to choose the best strategy they...
A: Sorry, as per the rules we do not provide handwritten solutions. 3. From part 1 and 2 we know that i...
Q: Suppose initially there are 22 Cournot competitors in a market, each producing an identical good at ...
A: Given, Number of Cournot competitors, N = 22 Each produces identical products at the same constant m...
Q: All of the following have been used in the past as commodity money EXCEPT: O a. Salt. O b. Gold. O c...
A: In the barter system economy, people have used salt, gold, and silver as a medium of exchange or com...
Q: 1. Below is a market schedule for both demand and supply Quantity Demanded (x- axis) 1000 Price (y-a...
A: Hi! Thank you for the question, as per the honour code, we are allowed to answer three sub-parts at ...
Q: price. What is value of the index for a perfectly competitive firm?
A:
Q: Analyze the article and explain the concept of inflation using the news article given below (incorpo...
A: The economics as a study is based upon the idea that the resources which are available with the econ...
Q: Octopus has 5RL (Right Legs) and 3LL (Left legs) Will only wear matching shoes on all 8 legs Ut...
A: Given information Utility function U(q1,q2) = min[3q1,5q2] q1 = number of right shoes q2 = numbe...
Q: Describe the concept of demographic transition
A: Demographic Transition takes into account two characteristics of demographics i.e. Birth rates and d...
Q: How does Nokia's wrong strategic response to changing market conditions cope with economic decision'...
A: Nokia made the mistake of being myopic and comfortable with their achievements, failing to see their...
Q: Taking the baseline monetary OLG model literally, what features of the model economy enables fiat mo...
A: The introduction of valued fiat money to the basic overlapping generations model increases the econo...
Q: Consider a monopolist that maximizes profits and charges all consumers the same price. The inverse ...
A: The monopoly maximize profit where the MR=MC. The monopoly firm is price maker.
Q: For the following questions, make use of provided information. Since the peak of the pandemic shutdo...
A: Increasing the interest rate would only attract customers who are willing to invest and like to incr...
Q: Suppose market demand for oil is Q(P) = 100 - 0. 75P where Q is billions of barrels (BBL)or oil per ...
A: According to the question ; Q(P) = 100 - 0.75 P MC (Q) = 7Q2 - 3Q + 6 or Yearly Market Demand : Q =...
Q: CDO City started a Solid Waste Management initiative in partnership with Tetra Pak Philippines and B...
A: In the mentioned question we have been asked about the profits which are going to be earned when the...
Q: HOW AND WHY WAS THE PROSPERITY AND ECONOMY OF THE 1950’S AND EARLY 1960’S SOUNDER AND MORE STABLE ...
A: The prosperity and economy of the 1950s and early 1960s was sound and more stable than that of the 1...
Q: Brandon purchased a car using a 5-year car lease at 5.80% compounded quarterly that required her to ...
A: Compound interest is basically the accumulated interest over the entire time period of the investmen...
Q: A firm should shut down in the short run if it is not covering its
A: To find : When should firm shut down.
Q: Please see below. These are true or false questions. Need help with all of these please and thank yo...
A: 1. A consumer price index is a price index that measures the cost of a weighted average market baske...
Q: Use the following table to answer questions 49 and 50. Reservation Prices and Costs in Econland for ...
A: Reservation Price is the maximum price that the buyer is willing to pay for the widget. A buyer will...
Q: Suppose a government report about a country's employment situation reveals the following data (all v...
A: 1) If the country in question is the United State, these data are obtained from Household Survey. 2)...
Q: shortage or surplus? Explain. 2. If the number of cases increased, what would be the resulting graph...
A: If importation fee is increased then the price of vaccination will also rise as the supplier needs t...
Q: Economic theory assumes consumers are rational. Still, in practice, we see a lot of irrational beha...
A: In behavioural economics, economists assume that consumers are always rational and would like to spe...
Q: i just need a short answer like an examples please . .. Use an appropriate example from your experi...
A: Accounting profit takes into account only explicit cost while economic profit takes implicit cost as...
Q: When we know that the firms must be producing at the minimum point of the average cost curve and so ...
A: To find : When will be productive efficiency.
Q: A company owes P 80,000, which includes the interest, to be paid one year from now. To provide for t...
A: Disclaimer: Since you have posted two questions, I am providing you with the answer to the first one...
Q: Consider the market for Teslas. The price of gasoline increases and the cost of producing Tesla batt...
A: The equilibrium price and quantity of a good produced in the market are determined by the forces of ...
Q: Suppose that Hyundai increases the amount of capital, labor, and other inputs it uses by 10% and as ...
A: When product is manufactured and put into production process, cost takes place and process of busin...
Q: -In which form, the largest percentage of national income is earned?
A: To find : In which form, largest percentage of national income is earned.
Q: What are ecosystem services? Give several examples. Describe ways in which some economists have assi...
A: The monetary value of an asset or service is the amount of money that would be received if it were s...
Q: Find the Cournot equilibrium and the profits of the firms Compare your answers to Questions 1 and 2.
A: Bertrand Model : In Bertrand Model of duoploy the price level is the parameter of action. In Bertran...
Q: There are N sites that need protection (number them 1 to N). Someone is going to pick one of them to...
A: Probability of a successful attack = 1 - 1/N2 Probability of defended attack = 1/N2 Expected Value ...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Exercise D24 Compare two policies: a tax cut on income or an increase in government spending on roads and bridges. What are both the short-term and long—term impacts of such policies on the economy?Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending by the University of Illinois is not fiscal policy? Why is a cut in the payroll tax fiscal policy whereas a cut in a state income tax is not fiscal policy?please answer the following questions: thank you 1. Which of the following is an example of govemment discretionary spending: A) Social Security retirement paymentsB) defense spendingC) net interest paid on government debtD) Medicare benefits for the elderly 2. What is the largest component of the federal budget?A) EntitlementsC) DefenseB) Net interest 3. Which of the following sources of revenue is used to fund government spending?A) corporate contributionsB) political party contributionsC) taxationD) aggregate supply 4. Suppose an economy is slowing and more and more people are losing their jobs and, therefore, paying less income taxes. If policy makers try to avoid a budget deficit by raising taxe rates, this would probably A) help pull the economy out of a depression.B) make the economic slowdown worse.C) increase inflation. 5. Automatic stabilizers:A) work without the need for decisions from Congress or the White House.B) require explicit actions each year by policy makers to…
- a greatera smallerdecrease in government spendingdecrease in net taxesincrease in government spendingincrease in net taxesnono change in government spendingno change in net taxes4 Economist B believes that if tax rates are cut, tax revenue is likely to fall. This economist most likely believes that the percentage decrease in tax rates will ______________________________ percentage rise in the tax base.C = 450 + 0.4Y I = 350G = 150X = 70Z = 35 + 0.1Y T = 0.15YYf = 1550Calculate the tax revenue to the government of this country when the economy (2) remains in equilibrium.Calculate what the new equilibrium income should be if the government of this (6) country decides to cancel all taxes, implying the tax rate would now be 0%.Before the government decreased the tax rate, how much of government spending was required to bring the economy to full employment?
- 1 When the federal government uses taxation and spending actions to stimulate the economy it is conducting fiscal policy incomes policy monetary policy employment policy 2 Refer to the graph. What combination would most likely cause a shift from AD1 to AD3? Increases in taxes and government spending Decrease in taxes and increase in government spending Increase in taxes and decrease in government spending Decreases in taxes and government spending16. If consumers in a country spend 4/5 of their disposable income. If their governmentdecreases its spending by 55 trillion and in order to maintain a balanced budgetsimultaneously decreases taxes by 55 trillion. Calculate the effect of the 55 trillion change ingovernment spending and 55 trillion change in taxes on the country’s aggregate demand.This question is complete. The graph provides all the information. Use the graph to the right to answer the following question. Which of the following is not true according to the graph? A) Taxpayers in the top 1% of income levels paid more money in income taxes than they would have without the tax cuts. B) The treasury estimate if the share of tax cuts had not been enacted is 34%. C) Taxpayers in the top 1% of income levels paid a greater percentage of total federal income tax revenue than they would have without the tax cuts.
- Only typed answer and please don't use chatgpt Suppose the tax multiplier in an economy is -3. How will total spending (TS) change when taxes (T) increase by $300? Group of answer choices TS will decrease by $900 TS will decrease by $100 TS will increase by $900 TS will increase by $100C = 450 + 0.4Y I = 350 G = 150 X = 70 Z = 35 + 0.1Y T = 0.15Y Yf = 1550 Calculate the tax revenue to the government of this country when the economy remains in equilibrium. Calculate what the new equilibrium income should be if the government of this country decides to cancel all taxes, implying the tax rate would now be 0%. Before the government decreased the tax rate, how much of government spending was required to bring the economy to full employment?Please help solve. The government started imposing a Digital Services Tax (DST) of six per cent on 1 January 2020 on foreign digital service providers (FSPs) in Malaysia. You are required explain and discuss the Digital Service Tax (DST) on how will Governments be impacted by the digital tax?
