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Author Question: The following diagram illustrates an economy where its current level of GDP (i.e. national income, ... (Read 63 times)

mpobi80

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on: May 25, 2020

Question 1

Under which of the following conditions is discretionary expansionary fiscal policy most likely to be effective?
◦ Economic forecasts are inaccurate.
◦
Substantial time lags occur before tax cuts affect spending.

◦ Crowding out does not occur.
◦ Public-sector expenditure increases and replaces private-sector investment.

Question 2

The following diagram illustrates an economy where its current level of GDP (i.e. national income, Y) is Ye.



Assume that the government wishes to use fiscal policy to achieve the full-employment.level of GDP (YF). It could
◦ decrease government expenditure by YF — Ye.
◦ increase government expenditure by YF — Ye.
◦ increase government expenditure by fd.
◦ decrease government expenditure by fd.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by mpobi80 on May 25, 2020

pocatato

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mpobi80

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Reply 2 on: May 25, 2020
Wow, this really help

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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