1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hitman42 [59]
2 years ago
13

True or False: A tax cut that will last for only one year will have a greater impact on aggregate demand than a tax cut that is

expected to be permanent. True False
Business
1 answer:
gavmur [86]2 years ago
5 0

A tax cut that will last for only a year will not have a huge effect on the aggregate demand as the aggregate demand increases only when the tax cut is permanent.

The given statement is false.

<h3>What is a tax?</h3>

A tax is a liability imposed on the taxpayer to pay a specified sum to the government based on the income they have earned in the previous year.

When the cutting of taxes becomes permanent in the country, then the citizens can start to acquire more which will increase the spending. The families will expect that the tax cuts are for the longer term which now induces them to buy and spend more and also act as an addition to their incomes. This whole impact would eventually lead to rising in aggregate demand.

Therefore, the demand increases when the tax cuts are permanent rather than when tax cuts are for only one year.

Learn more about the tax cut policies in the related link:

brainly.com/question/13924294

#SPJ1

You might be interested in
ints) During 2018, Falwell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstandin
Butoxors [25]

Answer: $4.34

Explanation:

The net income for diluted earnings per share will be calculated as:

Net income: $2,500,000

Less: preferred dividend: $300,000

= $2,200,000

To calculate the number of shares goes thus:

Total shares of stock options = 10,000 × 20 = 200,000 shares

Proceeds = 200,000 × $29

= $580,000

Shares of treasury stock will be:

= $580,000/$30

= 193,333 shares

Net shares added will be:

= 200000 - 193333

= 6667

Tge total shares for the diluted earnings per share will now be:

= 500,000 + 6667

= 506,667

The diluted earnings per share:

= $2,200,000/506667

= $4.34

8 0
3 years ago
A ___________ is who a creditor may turn the account over to after exhausting its efforts to get a consumer to make past-due pay
dmitriy555 [2]

Answer: collection agency

Explanation:

7 0
2 years ago
.1.3. Briefly explain the Economic term land​
igomit [66]

Answer:

In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

8 0
3 years ago
Read 2 more answers
The balance sheet of Messi Services included the following shareholders' equity section at December 31, 2018: ($ in millions) Co
Yuri [45]

Answer: The answer is c $1,080 $560

Explanation:

The journal entry will be

Dr: common stock $200 million

Dr: paid in capital $180 million

In the stockholders equity section , the treasury stock is seen as a separate line item in the stockholders equity. The treasury stock will be deducted from the total stockholders equity. The treasury stock is not a part of paid in capital nor part of the retained earning.

Therefore the balance in the paid in capital excess of par Retained Earnings is 1,080 $560

6 0
3 years ago
Read 2 more answers
A company had the following purchases during the current year: January: 19 units at $129 February: 29 units at $139 May: 24 unit
ycow [4]

Answer: A - $8,046

Explanation: Inventory valuation using the specific identification method is a method used in getting the actual stock cost at their specific purchase price at a specified time during the year.

Jan - 11 units @129 =1,419

Feb - 13 units @139 = 1,807

May - 6 units @149 = 894

Sept - 13 units @159= 2,067

Nov - 11 units @ 169= 1,859

Total = $8,046

4 0
3 years ago
Other questions:
  • Fox, Inc. reported net income of $300,000 for the current. Changes occurred in several balance sheet accounts as follows: Equipm
    9·2 answers
  • Adams is selling his property to Katter for $94,000, and Katter is assuming an existing mortgage at 4-1/2% interest per annum wi
    8·1 answer
  • An observer may conclude that the organizational culture of Zappos, an online retailer for shoes and clothing, might be the basi
    14·2 answers
  • Eleanor paid an annual premium of $2,000 in total coverage for her homeowner's insurance, including $250,000 in damage coverage
    15·1 answer
  • How does a production possibility chart assist in outlining opportunity cost?
    11·1 answer
  • What is word processing
    14·2 answers
  • Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Roun
    10·1 answer
  • Case Questions:
    14·2 answers
  • Supercircuits is a decentralized company and has a required opportunity cost of capital of 15%. The home computer division, whos
    7·1 answer
  • The daily report performed by the night auditor contains key operating ratios used by management including?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!