+1-415-670-9189
info@expertsmind.com
The american recovery and reinvestment act
Course:- Business Economics
Reference No.:- EM13891952




Assignment Help
Assignment Help >> Business Economics

Suppose the Stimulus package (The American Recovery and Reinvestment ACT of 2009) for $862 (originally it amount was approved for $787 billion and subsequently increased to $862 billion) was allocated for spending in all 3 components of the AE model of Keynesian Macro model (RGDP = C+I+G); where they spent the bulk of it in G (government expenses for infrastructure), some of it in Ta x rebates ( - T), and the rest of it in the form of subsidies/credit in Private business investment (I). If the actual increase in RGDP was $2 trillion ($2,000 bullion), assuming other things stay the same, estimate the actual or real world effective multiplier. Show you’re your work of estimations.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
The two primary issues in international commerce are dumping and tariffs. Dumping is the international form of predatory pricing, prohibited by the WTO. Tariffs are taxes on i
Analyze the link between a firm’s production process and its total costs. What are the different types of costs a firm faces in the short run and long run. What are the major
The grounds, a coffee shop, has daily averaged fixed costs of $273 each day and unit costs of $0.85 per cup of coffee. The coffee sells for $2.15 per cup. what is the cost fun
Using the four scenarios, discuss each and choose periods when each scenario has occurred in the U. S. or other countries: higher interest rates, more capital invested. Gradua
You have just invested a one-time amount of $5,000 in a stock-based mutual fund. This fund should earn (on average) 9% per year over a long period of time. How much will your
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and developmen
Dorinda, Luis, and Elizabeth form a limited partnership. Dorinda is a general partner, and Luis and Elizabeth are limited partners. Consider the separate events below, and dis