why would a fiscal demand stimulus in your country be greater for a total tax cut...

why would a fiscal demand stimulus in your country be greater for a total tax cut to low income earners than a tax cut for high income earner?

Expert Solution

Rahul Sunny answered 1 year ago

Explain the advantages and disadvantages of both a Supply-side tax cut and a Demand-side tax cut....

Explain the advantages and disadvantages of both a Supply-side tax cut and a Demand-side tax cut. Why is the former so popular with the GOP? And why is the latter almost unheard of in the 21st century?

Choose a country. Explain why, in your opinion, this would be a challenging country for an...

Choose a country. Explain why, in your opinion, this would be a challenging country for an expatriate. If possible, use a personal example or an example of someone you know. Support your rationale with at least TWO resources. Cite your references. Please post original response by Thursday and respond to two students by Sunday.

Which of the following would not be considered pure contractionary fiscal policy? A. A cut in...

Which of the following would not be considered pure contractionary fiscal policy? A. A cut in taxes matched by an equal cut in spending. B. A cut in spending used to finance a cut in the money supply. C. A cut in spending in order to buy back some outstanding government bonds. D. A tax increase used to buy back some outstanding government bonds.

If the tax is imposed on a good where the elasticity of demand is greater than...

If the tax is imposed on a good where the elasticity of demand is greater than elasticity of supply show with the help of an illustration whether the producer or consumer will bear greater burden of the tax.

How would an IS curve shift if (a) the federal government initiates a fiscal stimulus package? (b)...

How would an IS curve shift if (a) the federal government initiates a fiscal stimulus package? (b) the propensity to consume of households increases and businesses choose to build more capital via investment? (c) if the money supply increases?

For which of the following markets would there be a greater increase in total welfare if...

For which of the following markets would there be a greater increase in total welfare if government were able to intervene and regulate prices: OPEC or the music industry? Explain your answer. The music industry because it is a colluding oligopoly and is more inefficient. OPEC because it is a colluding oligopoly and is more efficient. The music industry because it is not a colluding oligopoly and is more inefficient. OPEC because it is a colluding oligopoly and is more...

QUESTION 1 If price is cut and demand is inelastic, then 1. total revenue will rise....

QUESTION 1 If price is cut and demand is inelastic, then 1. total revenue will rise. 2. quantity demanded will fall 3. total revenue will fall. 4. total revenue will not change. QUESTION 2 The presence of substitute goods will tend to make demand more 1. inelastic. 2. vertical. 3. elastic. 4. unit elastic. QUESTION 3 Brand name products tend to have demand curves that are relatively more inelastic because 1. brand name products tend to have more substitutes....

7- If demand is , a price cut the total revenue. elastic; increases unit elastic;...

7- If demand is ________, a price cut ________ the total revenue. elastic; increases unit elastic; decreases inelastic; increases inelastic; does not change 5- Samantha was willing to pay $10 for a hamburger because she was hungry but she only paid $2.50. What is the consumer surplus Samantha gained from the hamburger? $2.50 $7.50 $10.00 $12.50 9- When the price rises, the firms' producer surplus ________. When the price falls, the firms' producer surplus ________. increases; decreases decreases; increases decreases;...

Why is the burden of a tax to taxpayers greater than the revenue received by the...

Why is the burden of a tax to taxpayers greater than the revenue received by the government? Should wealthy taxpayers pay more taxes than poor taxpayers? Defend your argument.

12. Why, in the Keynesian system, does fiscal stimulus held in attaining full employment? Explain with...

12. Why, in the Keynesian system, does fiscal stimulus held in attaining full employment? Explain with the aid of the Keynesian Cross. 13. Explain the working of the Keynesian multiplier.

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