When President Obama was elected, the U.S. economy had slid into a recession. Consumer spending was low and getting worse. In an effort to stop the decline, President Obama proposed an economic stimulus package that included government spending on roads, bridges, and schools, among other things, and a tax cut that each U.S. worker would see in her or his paycheck. Apparently, President Obama was a proponent of

Q: What would be one way to make sure the Great Depression or any recession does not happen again?

A: The Great Depression was the world's worst and longest economic downturn in modern history.The Great…

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 do you think it is important that prices are flexible in our economy? Do you think they reflect…

A: The Price flexibility maintaining the law of demand and supply in an economy. Thus, price…

Q: discuss and analyze a current event in economics.

A: Economics is the study of the scarcity of resources and unlimited wants. The unlimited wants can be…

Q: Which of the following is NOT a way the president can set the national agenda according to the…

A: In the United States, President has some special power over the Congress government to restrict 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: Which school of economic thought was adopted by FDR in the 1930s?

A: President Franklin D. Roosevelt stated that he would help all the people who are at the bottom of…

Q: Answer the questions base following extract taken from an article named “Bangladesh PM unveils…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Classify each statement based on the type of fiscal policy to which it refers. answer bank in image…

A: Expansionary fiscal policy: Expansionary fiscal policy refers to the situation where the government…

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: Sometimes political needs override economic needs. For example, bringing inflation under control may…

A: Inflation: It is the increase in the general price level of goods and services in an economy over a…

Q: Microeconomics differs from macroeconomics in that microeconomics focuses on:     government…

A: Economics is the study of how people make choices in the situation of scarcity. The people make…

Q: 43. Some government regulations imposed on business have the impact of reducing productivity.  The…

A: The economic policies are the policies that are designed to stabilize the economy in case of any…

Q: John Maynard Keynes

A: John Maynard Keynes is the father of Keynesian economics. He gave the short-run mechanism of…

Q: Explain your answer and draw an AD-SRAS-LRAS diagram to show the possible effects of the Government…

A: The aggregate demand and aggregate supply are the two main components of the AD-AS model. The…

Q: What is Enlightenment? an American ideal of a successful life. a period of time in which…

A: In an economy, when talking about enlightenment, in simple terms, it explains the situation in which…

Q: To combat recessions and depressions, which should have priority: unemployment or debt reduction?…

A: Definitions: Depression is a prolonged downturn in the economy, while the recession is a temporary…

Q: Jay Powell is: a financial adviser on CNBC. a Supreme Court justice who ruled that budget deficits…

A: The measure that depicts an increase in production of services and goods during a specified time…

Q: We are sitting in an "original position" behind a "veil of ignorance." What political philosophy is…

A: This a MCQ .

Q: Adam Smith most likely agree?

A: Laissez-faire is an economic system in which transactions between private groups of people are free…

Q: How can an economy adjust back to equilibrium? Is it by having an equal amount of demand and supply?

A: In economics, an equilibrium is considered as a state of rest from where neither buyers nor sellers…

Q: The economic crash that led the dark path into the great depression included overspending and what…

A: A depression is a prolonged period of economic downturn. Depression is characterized by a sharp…

Q: Give an example of something that is an economic good for one person and a financial bad for someone…

A: Financial things are the ones that mainly focus on wealth and its maximization. Economic thing…

Q: Although it can sound complicated, nearly everything we do is related to the economy in some way.…

A: Economy  A complex system of linked trading, consumption, and production activities make up an…

Q: Adam Smith is the thinker who is considered the founder of communism.  Group of answer choices True…

A: Communist economy: - it is that economic system where the major portion of resources in an economy…

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: The following table shows how three voters ranked Policy A, Policy B, and Policy C. Which policy is…

A: Majority Decision is the one where more than 50% of the votes are in favor of one policy.

Q: Which of the following statements are correct Adam Smith argued for extensive government…

A: Privatisation: - it is an economic scenario in which the ownership of the public business or…

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

A: Inflation implies an increase in the price level. When the price level increases then, in that case,…

Q: What caused Americans, and in particular, the middle-class leaders of the Progressive movement, to…

A: Leaders are people who represent the economy at various levels. Leaders are the people who help the…

Q: Business cycles can wreak havoc in the economy and create real economic hardship.  Remember, the…

A: In economics, business cycle is defined as the cyclical upswings and down swings of major…

Q: Which of these scenarios would explain a strategy used to evaluate large numbers in terms of what…

A: A strategy is defined as a plan to help achieve a certain goal.

Q: Could you please explain why the classical economists thought there was no inherent tendency in the…

A: The classical economist emphasized the self-stabilizing tendencies of the economy. The classical…

Q: What Are the Advantages and Disadvantages of Policies?

A: A policy is a system of principles being designed in order to guide decisions being made and achieve…

Q: In January 2012, the Obama administration rejected the first proposal to build this pipeline,…

A: Answer; To shift a country towards a cleaner, greener energy future an individual can take steps…

Q:  Should the Government be more or less involved in the economy

A: Modern day economy is hybrid in nature  throughout the world where private sector and government…

Q: Based on Lee Kuan Yew's style of leadership, what are the concrete policies that you agree and…

A: Also known as the founding father of Singapore Lee Kuan Yew was the first and was also the…

Q: In a command economy, the government has no role in the economy and makes no economic decisions.…

A: There are four types of economic systems: 1) Command Economies 2) Market Economies 3) Traditional…

Q: The economic theory that states that the economy works best when it is left alone free from…

A: According to the given question Economic theories as stated as that theories which are very useful…

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…