In: Economics
If you were the U.S. government policy maker, what types of fiscal policy measures you will introduce to deal with the coronavirus pandemic and the coronavirus recession? What are the impacts of these fiscal policies on the U.S. economy in the short-run and long-run?
Fiscal policy is the government’s policy with respect to spending and taxation.
In: Economics
Ecuador and Colombia can each be described by a Keynesian-cross model. The MPC is 0.9 in each country. Ecuador decides to increase spending by $2 billion, while Colombia decides to cut taxes by $2 billion. In which country will the new equilibrium level of income be greater? Explain. (keynesian cross)
In: Economics
It's easy to explain the vitriolic nature of political campaigns in the U.S. if you know that spending $7 billion for local, state, and national campaigns will give you influence over $20 trillion in economic power. How might an economist explain why individuals ignore information and not participate in elections.
In: Economics
In: Finance
List, describe and give examples of the value of each of the following types of Variance Analysis, "volume variance," "spending/quantity use variance," "static budget variance" and "flexible budget variance." How have you seen these used? How would you apply any of these to your personal life?
In: Finance
Milton Friedman argued, and new classical economists continue to argue (or presume) that changes in our actual or current income do not any significant effect on our actual or current consumption spending, or that our MPC is essentially zero. What was Friedman’s argument? Why did he make this argument?
In: Economics
Compare the action RBA is likely to take when Australia’s Consumer Price Index (CPI) is decreasing from 4% to 3% and when the CPI is rising from 3% to 3.5%.
you are expected to include (but is not limited to) the use of the words: money, rate, supply, interest, inflation, increase/decrease, spending.
In: Economics
The world has been attacked by COVID - 19 virus, causing dramatic changes in:
Explain the above statement, and mention your expectations for life after COVID - 19 in terms of the above three points.
In: Economics
Please Use your keyboard (Don't use handwriting)
Econ
I need new and unique answers, please. (Use your own words, don't copy and paste)
Q: how supply, demand, and prices affect the auto industry. includes: supply and demand, public spending and the outcome.
In: Economics