The government of the US has decided to run a budget
deficit. Which of the following would not be good ways to spend the
borrowed money? (Select all that apply)
Select all that apply:
Increased spending on Medicare
Improvements in public education
Rebate checks for all citizens
Investment in public highways
In: Economics
2. Fiscal Policy options to address a recessionary gap: Suppose the economy’s MPC is .75 or 3/4.
A. If the government increases spending by $60 billion, what will the cumulative increase in AD be equal to?
B. If the government decreases taxes by $60 billion, what will the cumulative increase in AD be equal to?
In: Economics
How does the fact that Canadians or other foreign nationals come to America for health care tend to influence the measured share of our GDP that is devoted to health care in America. Does their spending show up in the numerator used to calculate that share. Does their income show up in the demoninator
In: Economics
Consider an economy that is at potential output. Using the aggregate demand curve and the inflation adjustment line, describe what would happen to real GDP and inflation in the short run, in the medium run, and in the long run if the government cut spending on defense. Be sure to provide an economic explanation for your results.
In: Economics
Consider an economy that is at potential output. Using the aggregate demand curve and the inflation adjustment line, describe what would happen to real GDP and inflation in the short run, in the medium run, and in the long run if the government cut spending on defense. Be sure to provide an economic explanation for your results.
In: Economics
marketing firm asked a random set of married and single men as to how much they were willing to spend for a vacation. At = .05, is a difference in the two amounts?
|
Married men |
Single men |
|
|
Sample size |
70 |
70 |
|
Mean spending |
420 |
445 |
|
Sample variance |
5000 |
6000 |
In: Statistics and Probability
Assume the government increases spending by $100. Explain: (1) through the multiplier process, why income Y will increase; and (2) why the money market (LM Curve) cause investment to fall and thus the increase in GDP to be less than hoped for. I NEED MATH AND GRAPHs please!
In: Economics
After reading Special Topic 1 and Special Topic 2, write a 2-page paper answering and describing: Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not? Discuss
In: Economics
Goldman uses meals served as the activity level for its fish house. The company has a cost formula for ingredients of $600 + $.80q. The actual cost of ingredients for June was $2,240 and the restaurant served 1,700 meals. The budget was based on serving 1,800 meals.
What is the spending variance for June?
In: Accounting
In: Economics