Author Question: Which of the following is true of the Golden Age of fiscal policy of the 1960s? a. Fiscal policy ... (Read 74 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
Which of the following is true of the Golden Age of fiscal policy of the 1960s?
 a. Fiscal policy was used to prevent output from expanding in 1964.
 b. Lyndon B. Johnson cut income tax rates to reduce inflationary pressures in the economy
  c. A tax cut was introduced to increase savings and unemployment.
 d. A tax cut increased disposable income and consumption.
 e. The unemployment rate rose by 5 percent for the first time in seven years

Question 2

Depreciation refers to a decrease in the value of a durable good caused by:
 a. an increase in the price level.
  b. changes in the interest rate.
 c. wear and tear over time.
 d. changes in tax laws.
 e. a decrease in its resale value.



spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library