How government might manipulate its expenditures
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
Expert
To reduce unemployment, government must increase total or aggregate spending in the economy to encourage more production and employment. It can do so by increasing its own spending on goods and services and, by reducing taxes, inducing the population to spend more. Reduced taxes on businesses might also have a supply-side effect, allowing businesses to produce more as a result of the lower tax cost burden. Monetary authorities should be encouraged to increase the supply of money and credit available.
Drinking at a public water fountain is: (w) a public good because anyone may drink from it. (x) results in a negative externality because others can’t drink from this at similar time. (y) a positive externality because you are benefiting by other’s provisi
Explain: “Exchange is the necessary consequence of specialization.”
Economic Territory: This refers to the region of a country where there is a free movement of goods, capital and human resources.
Illustrate the advantage of corporate form of organization?
Problem: Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function U(x1; x2) = x21
Use the circular flow model to confirm this assertion for the levying of a tax on air polluters?
Give a brief introduction of the term Cost Principle ?
Economic efficiency needs that, relative to the other goods which different individuals might consume, the people who value exact goods relatively the most should own and/or use all goods. Such principle is termed as: (i) economic equity. (ii) allocat
Question: The Theory of Purchasing Power Parity says that, in the long run, nominal exchange rates change to offset changes in relative i. _________________________ so that the purchasing power of two currencies st
Illustrates the inverse relationship between price and quantity?
18,76,764
1931013 Asked
3,689
Active Tutors
1446849
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!