2. Explain how unemployment benefits work as automatic stabilizers during an economic downturn. Make sure you explain the meaning of the term “automatic stabilizer.”
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2. Explain how unemployment benefits work as automatic stabilizers during an economic downturn. Make sure you...
a) Explain how automatic stabilizers work, both on the taxation side and on the spending side, first in a situation where the economy is producing less than potential GDP and then in a situation where the economy is producing more than potential GDP. b) Do you think the typical time lag for fiscal policy is likely to be longer or shorter than the time lag for monetary policy? Explain your answer c) How would a balanced budget amendment change the...
using examples explain how discretionary fiscal policy and automatic stabilizers work during periods of recession or inflation in the economy
1) During an expansion, automatic stabilizers cause the federal deficit to a) remain unchanged. b) either increase or decrease. c) increase. d) decrease. 2) An example of an automatic stabilizer is a) changing the tax laws to increase the marginal tax rates. b) the food stamp program. c) the indexation of social security benefits to the consumer price index. d) the interest the government pays on loans. 3) Which of the following is a correct sequence of events during a...
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy’s built-in stability?
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability? Essay Toolbar navigation В І s 를 들 A A
According to the Principles of Economics, economic principles guide how we make economic choices and how we interact in the market. What role do economic principles play in your personal economic decisions (choices)? Do you encounter scarcity either personally or in your workplace? What are the kinds of scarcity you encounter? To make rational economic decisions, we need to compare costs and benefits. Suppose you are trying to decide whether to take a vacation. The majority of the costs of...
John is the chief financial officer at ABC company Inc. Due to an economic downturn, the company has difficulties meeting it’s financial goals. John was under tremendous pressure to show that the company is in good standing financially. He arranged a meeting with Mary, who is the accountant for ABC Company. John asked Mary to cook or fudge the numbers to make things appear better than they really are. Mary knows that as an accountant, no one should act in...
You will be evaluating each of the questions as you will need to make sure to use relevant economic terms and content development in your work. REMEMBER TO WRITE THE QUESTION FIRST AND THEN PROVIDE YOUR RESPONSE. Questions: 1. Why does comparative advantage matter more than absolute advantage for trade? 2. Draw a production possibilities frontier curve. Illustrate the set of points that is feasible, the set of points that is efficient, the set of points that is inefficient, and...
Use a graph that you like to demonstrate your own personal economic experience. Make sure to explain what the graph represents.
Just problem 1.45 time plots of the unemployment rates? Since end of 2009, how would you describe the beh (b) How are economic events ueld s pay of the unemployment rate for both groups? (c) Are there any other periods during which there wer patterns in the unemployment rate? Describe the an in nem1.45 Housing starts. Figure 1.19 is a time plot of the n ber of single-family homes started by builders is in month from January 190 through June...