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WASHINGTON-Less than one month after President Obama took office, Congress last night passed his flagship proposal, an unprecedented collection of tax cuts and new spending that Democrats say offers the country its best hope to stave off an impending depression.
After a frenzied month of legislating, the House and Senate produced an economic stimulus bill estimated yesterday to cost $787 billion, with $281 billion in new tax cuts and the remainder in one-time spending on infrastructure investments, expanded unemployment benefits, and other programs.
It passed both chambers on a largely party-line vote, winning the support of no Republicans in the House and three in the Senate.
Assuming an MPC of 0.75, how much of a cumulative impact on spending could be expected from President Obama's (a) Increase in government spending?
(b)tax cuts?
Describe the increasing returns to scale as a basis for international trade. Be sure that you discuss the relevant concepts, explain important features of such trade,
Suppose that two economies initially have the same level of real income and both suffer unanticipated declines in their sales of exports of $50 billion. Country "A" has higher tax rates and a higher level of government spending than economy "B". O..
In the two years prior to its merger with Nextel, Sprint Company cut approximately 2,000 workers. In addition, Sprint outsourced nearly 90 percent of its Information Technology functions from within the company to lower cost countries outside the US.
In Florida, huge contraption turns and starts lumbering down next row of juice-laden Valencia oranges. The operator watches his progress on two TV screens in his cab,
ohn Dolan, CFA, is an international fund manager with Borderless Fund. Dolan is planning an investment in nation of Kenya. He is concerned with inflationary environment in Kenya,
Explain how current account imbalance create a risk for the global economy. What does the large U.S. current account deficlt tell us about the U.S economy? Are there reasons to be concerned about the size and peresistence of the US current account..
Two firms, firm A and firm B, are deciding whether each should implement a new pricing strategy, which may or may not result in a value war.
An increase in foreign output/income (Y*)-assume there is no change in the foreign interest rate and an increase in home country money demand (L)
what's the difference between Protestant work ethic(PWE) and Worldly protestant asceticism(WPA)? more importantly, please explain weber's idea of "worldly protestant asceticism" and how it gave rise to financial capitalism.
For multinational corporations, friction expenses occur where practices of the company are seen through the public as exploitative or unethical.
Examine how wage inequality is measured and if it present in your selected industry. My Selected industry is the automotive industry.
The demand for money in a country is given by, Assume that the money supply is set by the central bank at $1,198,000. Determine the equilibrium interest rate.
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