The effect on the economy of tax reduction and, Ask an Expert

Economics

The effect on the economy of tax reduction and simplification is

A. an increase in the quantity of real GDP supplied at every price level, and a shift in the long-run aggregate supply curve.

B. higher employment and real GDP but also a higher price level.

C. a decrease in consumption and investment spending, and a shift to the left of the aggregate demand curve.

D. a change in the costs to firms, as shown by the short-run aggregate supply curve shifting to the left marginal tax rate.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867467

Have any Question?Write your Review or question?

Related Questions in Business Economics

Below are the supply and demand schedules for fresh coffee

Below are the supply and demand schedules for fresh coffee in Vancouver: Price ($/cup) Quantity Demanded (cups/day) Quantity Supplied (cups/day) 1 440 330 2 415 360 3 390 390 4 365 420 5 340 450 6 315 480 7 290 510 a. Wh ...

Question 1 graphically illustrate a per unit tax imposed on

Question: 1. Graphically illustrate a per unit tax imposed on the seller of a product. Identify the welfare loss and the portion of the tax paid by the buyer and the seller. 2. Beginning in a state of equilibrium in our ...

A sample of n 4 individuals is selected from a normal

A sample of N = 4 individuals is selected from a normal population with μ = 70 and σ = 10. A treatment is administered in the sample, and after the treatment, the sample mean is found to be = 75. a. On the basis of the s ...

Assume the following probabilitiespcustomer makes a

Assume the following probabilities: P(Customer makes a purchase) = 0.500 P(Customer does not make a purchase) = 1- 0.500 Compute the probability that both customers purchase (# purchases = 2), and enter your answer with ...

Some seem to believe that we should be pure maximizers

Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?

An urn contains 5 red and 10 blue balls balls are drawn

An urn contains 5 red and 10 blue balls. Balls are drawn sequentially from urn without replacement. Let X be the number of draws necessary in order to obtain exactly 4 red balls. Find probability mass function of X

Suppose oregon proposes indexing the minimum wage to

Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy? (In your response, assume that the minimum wage is an effective price floor and ...

Given that the heights of adult males show a mean of 69 and

Given that the heights of adult males show a mean of 69" and standard deviation 2.7." A sample of 37 adult males shows a mean of 68.2" and standard deviation of 2.9." 1. Which of the following is a statistic? a) 69" b) 2 ...

A us electronics rm is considering moving its production to

A U.S. electronics ?rm is considering moving its production to a plant in Mexico. Its estimated production function is q = L0.5K0.5. In the U.S., the wage, w is ten dollars, and the cost of capital, r is also ten dollars ...

A sample of 20 has a mean of 100 and we can use a standard

A sample of 20 has a mean of 100 and we can use a standard deviation of 10. If we test this at an alpha of 0.05? What would be your conclusion and interpretation? How did you arrive at your conclusion?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert