Reference no: EM131377296
1. The tax increases necessary to fund future Social Security and Medicare benefit payments would be
A. large, and could discourage work effort, entrepreneurship, and investment, thereby slowing economic growth.
B. small, and have little effect on economic growth.
C. large, but would have little effect on economic growth.
D. small, but could discourage work effort, entrepreneurship, and investment, thereby slowing economic growth.
2. Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that occur passively over the business cycle are called ________.
A. discretionary fiscal policy; automatic stabilizers
B. automatic stabilizers; monetary policy
C. discretionary fiscal policy; conscious fiscal policy
D. automatic stabilizers; discretionary fiscal policy
|
Money demand-money supply and equilibrium interest rate
: Carefully explain the impact on the money demand, money supply, equilibrium interest rate and the quantity of money due to each of the following: [Diagrams not required]
|
|
Cold war was about brink events incidents
: The Cold War was about 'Brink Events', incidents which took the world to the brink of nuclear war. The East-West confrontation over Berlin and Cuba were both brink events which could have resulted in global destruction, but actually had the effect of..
|
|
Global economic slump reduces caribbean tourist traffic
: Identify which category of unemployment each of the following persons would belong to. Rahul’s wife is transferred to the Santa Cruz branch of her bank, so he leaves his job as a teacher at Campion to try to get a job at St Elizabeth Technical. A glo..
|
|
The fastest growing category of government expenditure
: The fastest growing category of government expenditure is. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a rec..
|
|
The tax increases necessary to fund future social security
: The tax increases necessary to fund future Social Security and Medicare benefit payments would be. Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that ..
|
|
Shift of the production function
: Classify each of the following as a movement along or a shift of the production function and provide a justification for your choice.
|
|
The slope of the short run phillips curve is consistent with
: The slope of the short run phillips curve is consistent with:
|
|
Equations-determine the profit-maximizing price and quantity
: Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q2), AVC=f(Q, Q2), MC=f(Q, Q2). Recall that your marginal equations should be derivatives of your totals. Determine the profit-maximizing price and quantity.
|
|
What monopolistic traits does senior day centers have
: What are microeconomic and macroeconomic issues that are likely to affect senior day activities over the next five years? What monopolistic traits does senior day centers have? What are the major economic applications can be applied to activity cente..
|