Complete the following and submit, either copy and paste or type in your responses, see below:
1. Which of the following would help a government reduce an inflationary output gap?
a. Raising taxes.
b. Lowering taxes.
c. Increasing government spending.
d. Decreasing government spending.
After selecting your responses to above question explain your answers in detail, use economic terms (aggregate-spending, production, income, employment…What are the economic consequences, how would they influence the four major sectors (C+I+G+Xn) and Real GDP?
2. The economy is in a recession. A congresswoman suggests increasing spending to stimulate aggregate demand but also at the same time raising taxes to pay for the increased spending. Her suggestion to combine higher government expenditures with higher taxes is:
a. The worst possible combination of tax and expenditure changes.
b. The best possible combination of tax and expenditure changes.
c. A mediocre and contradictory combination of tax and expenditure changes.
d. None of the above.
After selecting your responses to question above explain your answers in detail, use economic terms (aggregate-spending, production, income, employment…What are the economic consequences, how would they influence the four major sectors (C+I+G+Xn) and Real GDP?
All assignments due end of day Thursday. However, don’t procrastinate, since you have to complete and submit assignments and discussion responses each week.
Assignment due Thursday end of day.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more