Business, 23.04.2021 02:50, aydanbelle
In early 1990s, President Clinton proposed large tax increase in an effort to balance the government budget. Assume that prices are completely fixed in the short run and that initially the U. S. economy was at full equilibrium output. Use both the IS-LM and AS-AD tools to analyze the implications of the tax increase in the short and long run. Be sure to label the axes, curves, use arrows to show shifts in curves, and mark the equilibrium points: "A" for initial equilibrium; "B" for the short-run equilibrium, "C" for the long-run equilibrium. a. Using both the IS-LM and AS-AD models graphically illustrate how the large tax increase would affect the IS curve, LM curve, SRAS curve, and AD curve in the short-run and long-run. b. What happens to the following variables in the short run relative to the initial level (increases, falls, no change, can’t tell): output, interest rate, prices, investment, consumption, unemployment rate. c. What happens to the following variables in the long run relative to the initial level (increases, falls, no change, can’t tell): output, interest rate, prices, investment, consumption, unemployment rate.
Answers: 1
Business, 22.06.2019 20:40, mom1645
Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.
Answers: 1
Business, 23.06.2019 01:00, softballgirl3589
Tariffs and quotas are often imposed when a government is more responsive to interests, and the benefits of those trade restrictions are often ; concentrated producer; widely dispersed consumer; widely dispersed consumer; concentrated
Answers: 3
Business, 23.06.2019 06:10, lilymoniquesalaiz
Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max
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Business, 23.06.2019 23:30, robot2998
Which of the following statements about corporate culture is true? diversity in the workplace can lead to better performance corporate culture, while important, has not been related to performance the elements of a corporation's environment that are visible (dress, offices, etc.) represents the organization's corporate culture at all levels
Answers: 2
In early 1990s, President Clinton proposed large tax increase in an effort to balance the government...
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