« previous next »

Author Question: Since World War II, the Federal Reserve has not been involved in carrying out monetary policy. ... (Read 77 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?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

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

Smallest chameleon in the World Smallest chameleon in the World
Whales of the World Whales of the World
The electron-carrying coenzymes NAD+ and FAD The electron-carrying coenzymes NAD+ and FAD
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
How The World Is Urbanizing How The World Is Urbanizing
The World Geography of Fossil Fuels The World Geography of Fossil Fuels
Video: Adolescent Diabetes

For a complete list of videos, visit our video library