« previous next »

Author Question: Since World War II, the Federal Reserve has not been involved in carrying out monetary policy. ... (Read 80 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?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

A cheetah strangling an impala, Timbavati Game Reserve, South Africa A cheetah strangling an impala, Timbavati Game Reserve, South Africa
A Female Mouse Carrying a Pup A Female Mouse Carrying a Pup
What Are the Consequences of “Not Getting Involved”? What Are the Consequences of “Not Getting Involved”?
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
(a) The distribution of sickle cell anemia in the Old World. (b) The distribution of malaria overlap (a) The distribution of sickle cell anemia in the Old World. (b) The distribution of malaria overlap
Tropical rain forests on the world map Tropical rain forests on the world map
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library