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Which would you recommend that the Congress and the President pursue to reduce our projected Federal deficits and debt and why
- Dramatically cut military spending
- Raise taxes significantly on the wealthy
- Raise taxes substantially on low & middle incomes by imposing a national sales tax
- Dramatically cut Medicare budgets for senior health care by privatizing it (Ryan plan)
- Cut social security payments (e.g. by not letting them rise as fast as the CPI)
- Dramatically cut Medicaid payments for poor children and adults
- Raise taxes significantly on energy use (e.g. gasoline, jet fuel, natural gas)
- Dramatically reduce the many tax subsidies and offshore tax havens that now go to U.S. corporations despite the disputed claim by such corporations that this will force them to lay off workers
Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.
A sample of 18 Jacksonville employees Explain how they travel a mean of 399 miles per month, with a sample standard deviation of 33 miles.
How does the law of demand relate to the price and demand for gasoline in the United States? Does this law accurately reflect reality? Use current research, personal experiences, and economic concepts to state your response.
many supply shipments to retailers are interrupted during a natural disaster. Assuming that the law is strictly enforced, illustrate what are the economic effects of the price gouging statue.
The risk premium it charges on its loans is classified as profits in economics.
suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.
You begin putting $500 a month into a savings account that pays 3% compounded monthly. A) How long until you have enough for a down payment? B) What is the present value of your account?
Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.
Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
What impact would you expect this increase in the gap in living standards between the richest and poorest to have on income elasticity today? Briefly discuss.
Your company has just signed a three- year non renewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The equipment cost $200,000 and qualifies for 5 year..
Is market capitalism necessary for freedom? Explain why or why not. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not? What causes macroeconomic instability of market capitalism? Explain.
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