This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to this Application, some economists believe that recessions which are caused by ________ ... (Read 44 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
According to this Application, some economists believe that recessions which are caused by ________ normally have ________ recoveries.
 
  A) high oil prices; faster B) financial crises; faster
  C) high oil prices; slower D) financial crises; slower

Question 2

Suppose policy makers want to increase GDP by 450 billion. If the marginal propensity to consume is 0.9, by how much must taxes decrease to achieve this target?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

The tax multiplier would be -9 in this case, so taxes must decrease by 50 billion.


humphriesbr@me.com

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Excellent

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

European Rabbit in Shropshire, England, infected with myxomatosis, a disease caused by the Myxoma vi European Rabbit in Shropshire, England, infected with myxomatosis, a disease caused by the Myxoma vi
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Abnormalities Caused by Cardiac Pathology Abnormalities Caused by Cardiac Pathology
Spinal changes caused by osteoporosis. Spinal changes caused by osteoporosis.
Diagram Showing How Conduction Aphasia is Caused Diagram Showing How Conduction Aphasia is Caused
Application And Integration Application And Integration
Video: Knee Animation

For a complete list of videos, visit our video library