Economists who believe in sound finance would say that in a recession, the government should:
a. run a budget deficit because the ricardian equivalence theorem is true both in theory and in practice.
b. run a budget deficit despite the truth of the ricardian equivalence theorem.
c. maintain a balanced budget because the ricardian equivalence theorem is true in practice.
d. maintain a balanced budget for political and moral reasons.
Answers: 2
Business, 22.06.2019 13:50
Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.
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Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
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Business, 22.06.2019 22:00
Retail industry fundamentals credential exam,part 1 all answers
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Economists who believe in sound finance would say that in a recession, the government should:
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