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Author Question: You are advising the Prime Minister. The Prime Minister feels that the current unemployment rate is ... (Read 27900 times)

meagbuch

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Question 1

Which of the following is NOT an undesirable side-effect of discretionary fiscal policy?
◦ Cuts in spending may harm the poor.
◦ Raising taxes raises prices.
◦ Tax changes could have disincentive effects.
◦ Tax changes may change expectations.

Question 2

You are advising the Prime Minister. The Prime Minister feels that the current unemployment rate is too high and that the unemployment rate can be reduced if aggregate output increases. He/she wants to know what policy to pursue to increase aggregate output by £3 billion. The mpcd is 0.8. Which of the following policies should you recommend?
◦ Increase government spending by £0.6 billion.
◦ Cut taxes by £2.4 billion and to increase government spending by £2.4 billion.
◦ Increase government spending by £2.4 billion.
◦ Cut taxes by £0.6 billion.


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Marked as best answer by meagbuch on May 25, 2020

Bison

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meagbuch

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Reply 2 on: May 25, 2020
Gracias!


abro1885

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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