Generally, do you believe that income and business tax cuts promote long run growth or not? Why?
Yes, I believe cut in income and business tax can promote long-term economic growth. Individuals respond to incentives. So, when there is a cut in taxes, they are able to keep a higher portion of their income with them. This provides them with more incentives to put efforts and earn a higher income. In the case of businesses, a cut in taxes provides incentives to the business to earn even higher returns. So, overall productivity increases which make the economy produce more in the long-run.
Generally, do you believe that income and business tax cuts promote long run growth or not?...
There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth....
Permanent income tax cuts tend to have a greater impact on current consumption than temporary tax cuts because permanent tax cuts affect---------- than temporary tax cuts 1. expectations about unemployment rates more 2. the government's debt positions less 3. expectations about long-run income prospects more 4. market liquidity ( money supply) less
Why do economists believe that inflation in the long run is entirely a monetary phenomenon? Explain fully.
osdssments1Ools Resources iscussions ListView Topic Discussion 3: Corporate Income Tax Cuts 9 11:30 PM EST. Available before Sunday, February 17, 201 Subscribe The new tax law dramatically decreases corporate income tax rates. Use the AD/AS model to analyze the likely impact of the tax cuts on the macroeconomy. Show graphically and explain your reasoning. What happens to GDP and the aggregate price level? Why? Do you believe that this tax cut will help the country as a whole? Why? Please...
Technological advancement in firms is necessary to promote business growth and competition. Technological advancement will reduce market uncertainty and narrow income disparities. It can also reduce the need for government intervention during an economic crisis. Do you agree/disagree that technological advancement can improve business growth? GRAPH: Demonstrate with a graph the effect of technology on supply in this industry - submit graph
Do you believe that nurses as lobbyists are essential to the growth of nursing as a profession? Why or why not?
1. Why is economic growth important? 2. Describe the difference between economic expansion and long-run economic growth. Page 7 3. Describe the difference between growth that occurs as a result of an increase in inputs and growth that occurs as a result of an increase in output per input. 4. How do the following institutions promote growth? o Property rights Competitive markets o Efficient financial institutions
Tax cuts on business income increase aggregate demand by increasing Select one: O a. consumption spending O b. business investment spending. O c. government spending O d. wage rates
Econ growth Of the seven methods listed to improve economic growth, which do you believe is the most effective in helping low-income countries grow into middle-income countries?
Do you think our government should focus on the long run or the short run? Why do you feel that way? How do you think policies would change if the government focused only on the long run? Attachments Skills Explain macroeconomic perspectives on demand and supply. Explain how the aggregate demand/aggregate supply model incorporates growth, unemployment, and inflation. Compare and contrast neoclassical and Keynesian views using the aggregate demand/aggregate supply model to understand the economy.