« previous next »

Author Question: Since World War II, the Federal Reserve has not been involved in carrying out monetary policy. ... (Read 40 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
Since World War II, the Federal Reserve has not been involved in carrying out monetary policy.
 
  Indicate whether the statement is true or false

Question 2

President Obama has discussed raising income taxes for individuals earning over 250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve.
 
  What will be an ideal response?


jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

Raising the income tax decreases the amount of disposable income available to those households. Lower disposable income decreases consumption at every price level. The result is a shift in the aggregate demand curve to the left.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

teaching children about some of the world’s environmental problems teaching children about some of the world’s environmental problems
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
Four pieces of evidence that the reticular formation is involved in sleep. Four pieces of evidence that the reticular formation is involved in sleep.
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library