Suppose that the national economy is experiencing a recession with an estimated recessionary gap of $10 billion. congress is considering the use of fiscal policy to ease the recession, and due to current political sentiments, it has determined that the maximum spending increase the government is willing to support is $3 billion. the government wants to make up the remainder of the recessionary gap using tax cuts. if a spending increase of $3 billion is approved and the mpc is 0.6, by how much will taxes need to be reduced to close the remainder of the recessionary gap
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Business, 21.06.2019 21:30
He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain
Answers: 3
Business, 22.06.2019 10:10
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
Business, 23.06.2019 00:00
Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
Answers: 2
Suppose that the national economy is experiencing a recession with an estimated recessionary gap of...
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