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Economics

Q1. Assume the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. Explain how will this combined tax-transfer policy affect aggregate

If the AD shortfall is $800 billion also the MPC is 0.8,

(a) Explain how large is the desired fiscal stimulus?

(b) Explain how large an income tax cut is needed?

Q2. A new law requires that all construction workers in your area belong to a labor union. Will this shift the labor supply curve, demand curve if both in home construction? Explain how will this affect wages also number of workers in h1 construction?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9160813

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