What’s are the most important economic drivers in the United States economy?

Q: Which economic policies did Ronald Reagan pursue as president?

A: Ronald Reagan was the 40th President of the United States who has a major contribution in the…

Q: Why should the government try to help the economy and support it? Give at least two reasons.

A: A government plays a significant role in influencing the market outcome and to make changes in the…

Q: According to the article, When Reality Bites, which demographic is most affected by economic…

A: Young generation is worst affected by economic downturn such as recessions.  There are not enough…

Q: What can government do to stimulate the economy?

A: To stimulate the economy, the government will implement expansionary fiscal policy.

Q: Most of the government's mandatory spending is used on which of the following?

A: Most of the government's mandatory spending is used on social security schemes. Social Security…

Q: Discuss how policy variables, government spending and taxation, are used to influence economic…

A: A policy through which the government tends to adjusts its levels of spending and tax rates for…

Q: But is it really the case that if the government gave everyonein the economy an extra $1,000,…

A: There are two effects which are short run effect and another is long run effect. But in this…

Q: Suppose the federal government attempts to combat a recession by purchasing a new fleet of warships…

A: Economic Policy:-  The acts that government of a nation do in the economic sphere are referred to as…

Q: Economically, the U.S government is not concernedwith whether or not small businesses make it.

A: Small enterprises are the lifeblood of almost every economy on the planet. These business operate…

Q: Describe how Research and Development (R&D) can boost the economy ?

A: Research and development (R&D) includes the activities which the companies tend to undertake in…

Q: What are the small business that gained during the Covid19?

A: The Covid-19 is a new type of pandemic disease which was originated in the province of Wuhan in the…

Q: The government role is to promote business in the economy rather than compete with them. Discuss

A: Public sector refers to the sector which is controlled by the government of the country and its…

Q: How does squeezing the life out of an economy help it revive?

A: Economy: It refers to a place where the production of goods and services takes place. In an economy,…

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources…

Q: Discuss the four key economic functions performed by the government .

A: In a democratic nation government acts as the central authority to govern the nation by maintaining…

Q: example of a significant aspect of an economy?

A: Economy- It is a group of activities related to production and consumption which helps in the…

Q: In the two-sector economy, Y = YD. Prove Y = YD

A: Two sector economy: In the Keynesian two-sector economy there are just two entities: household and…

Q: . How much more output does the $20 trillion U.S. economy produce when GDP increases by 1.0 percent?

A: GDP of the US economy = $20 trillion

Q: List four primary goals governments strive to achieve in order to improve a country's macroeconomy…

A: Below are the four primary goals. Low unemployment Lower inflation Fair distribution of income…

Q: What is the impact of the work of the FOMC on the current economic environment?

A: * ANSWER :-  (1)

Q: As you read about global economics, complete the chart by filling in the cause or effect

A: Simply said, globalization is the linking of various regions of the globe.Globalization is described…

Q: mic

A: The science which studies how people tend to interact with each other along with the prospects of…

Q: What is the economic condition that results from the decrease in SRAS called?

A: When the AD or SRAS curves shift, shocks occur. If the economy shifts suddenly, the aggregate demand…

Q: What is maginalise group

A: Using methods like social welfare functions and cost-benefit analysis, welfare economics aims to…

Q: WHAT IS THE IMPACT OF DIFFERENT SECTORS OF THE COMMUNITY RO THE ECONOMY?

A: The economy is a system in which individuals earn a livelihood by producing, consuming, investing,…

Q: Can government policy affect business behavior

A: •Yes  The government policy will influence what proportion tax the community pays, pensions,…

Q: If the spending in the economy are too high, how will they compete to support their spending?

A: The high spending implies that economy has too high aggregate demand. The aggregate demand might…

Q: When does underdevelopment takes place in a country's economy? What is their worst scenario/or the…

A: Development is a term used in the economics to signify improvement in the standard of living of…

Q: What was “Reaganomics”?

A: Various economic policies were implemented under the presidentship of Ronald Reagan in order to…

Q: Who wrote the book The World is Flat Select one: O a. Thomas Friedman

A: For the given question, the author of the book the world is flat need to be answered.

Q: What are the fundamental problems and issues facing an economy in general?

A:

Q: Which system of taxes is best? Why does that system is the most effective way for the government to…

A: Mainly there are 3 types of taxes which are imposed by the government. These are proportional…

Q: Which of the following questions would an economist NOT answer? a. How do taxes affect consumers and…

A: An economist is an expert who studies the relationship between a society's wealth and its input or…

Q: What factors contributed to the economic boom of the 1920s and the crash that followed?

A: Answer - Factors contributed to the economic boom of the 1920s :- 1. Condition after world war 1 :-…

Q: What is/are Parson Malthus's key ideas and explain what is it about?

A: In his 1798 book An Essay on the Principle of People, Malthus observed that increasing a country's…

Q: identify and explain how the 2 central economic policies used by the US government

A: The United States has a mixed economy. It works as per a financial framework that highlights…

Q: During the Revolutionary War, the American coloniescould not raise enough tax revenue to fully fund…

A: Inflation is the general increase in the level of prices in an economy.

Q: How much more output does the $20 trillion U.S economy produce when GDP increases by 1.0 percent?

A: Output – it the total amount of commodities or services produced in a particular time period.…

Q: How would you interpret the graph of an economy? What conditions/gaps are they experiencing?

A: Diagrams and outlines are visual portrayals of information as focuses, lines, bars, and pie graphs.…

Q: Discuss the central problems of an economy

A: According to the given question In Simple word we can say that economy is a system which basically…

Q: Could you say that the consumers are a significant aspect of an economy? If so, why?

A: Consumers are those who pays for the consumption of services and goods that are produced within an…

Q: What are the central problems of an economy

A: Human wants are unlimited whereas the resources that are required to satisfy the human wants are…

Q: In your opinion what are the other FIVE (5) external factors that can determine the recovery shape…

A: An economy can recover from a recessionary state in a number of ways such as a U-shaped recovery…

Q: What steps should be taken by the government to support the SMEs?

A: A small- to medium-sized enterprise (SME) is a company with sales, properties, or employees that are…

Q: What are the ways in which a government policymaker can try to raise the growth in living…

A: The legislation, executive, and judicial are the three branches of government that govern an…

Q: What is ? 1-)Potential GDP 2-)Monetary Policy 3-)Fiscal Policy

A: Potential GDP: When an economy can produce a level of output at inflation rate that is constant then…