Question Assume the economy is at full employment as of January 2018 and the government passes a tax bill that reduces taxes by $100B. The tax bill, however, does not change government spending. (These are are all short answer, but please provide enough detail to explain your answer. That is, it is not sufficient to […]
Category: Macroeconomics
All sources used including the textbook must be referenced
paraphrased and quoted material must have 1. ( Consumption) Use the following data to answer the question below: Real disposable income(Billion $)100200300400 Consumption Expenditure(Billion $)150200250300 Savings (Billion $)… Macroeconomics
In the long run but not in the short run which of the following is correct?1)
output Question In the long run, but not in the short run, which of the following is correct? 1) output is fixed 2) prices can change but the level of output is fixed 3) some resource prices are fixed 4) prices are fixed but the output level can change Macroeconomics
On which of the following policies do Keynesians and monetarists agree?a Fiscal policy is most effective
Question On which of the following policies do Keynesians and monetarists agree? a Fiscal policy is most effective in a very open economy. b Monetary policy is less effective in a very open economy. c Fiscal policy works directly through spending. d Monetary policy works indirectly through spending. Macroeconomics
You recently bought
a $10,000 10 year US government bond that guarantees you 2% interest per year Question You recently bought a $10,000 10 year US government bond that guarantees you 2% interest per year for each of the next 10 years, after which you will receive your initial $10,000 back. If interest rates in the US increase […]