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Mariana [72]
2 years ago
13

During the recession of 2007−2009, the u.s. federal government's tax collections fell from about $2.6 trillion down to about $2.

1 trillion while gdp declined by about 4 percent. does the u.s. tax system appear to have built-in stabilizers?
Business
1 answer:
STALIN [3.7K]2 years ago
6 0
Yes. The U.S. tax system has a built-in stabilizers.

These built-in stabilizers are called automatic stabilizers. Automatic stabilizers are defined as the features of tax and transfer system that lends stability of the economy without direct intervention from the policy makers.

These stabilizers tempers the economy when it overheats and provides economic stimulus when it slumps. 

When:                           Automatic Stabilizers:
Incomes are high          <span>tax liabilities rise and eligibility for government benefits falls
Incomes are low            </span><span>tax liabilities drop and more families become eligible for government                                         transfer programs (food stamps, unemployment insurance)</span>
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3 years ago
What differences and similarities exist between monopolistic competitive firms and perfect competitive firms?
astraxan [27]

Answer:

In perfect competition, the product offered is standardized whereas in monopolistic competition product differentiation is there. In monopolistic competition, every firm offers products at its own price. ... Entry and Exit are comparatively easy in perfect competition than in monopolistic competition.

Explanation:

(hope this helps)

4 0
3 years ago
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to
Brilliant_brown [7]

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A. 100,000 equivalent units

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Calculation for what the Total equivalent units for Material P under the weighted-average method are calculated to

First step is to calculate the Unit transferred out

Unit transferred out = 28,000+72,000-16,000

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Now let calculate the Total equivalent units for Material P

Total Equivalent unit of material P = 84,000+16,000

Total Equivalent unit of material P = 100,000

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7 0
2 years ago
What skills do you need be a marketing manager? As a marketing manager, you need to have (blank) skills and (blank) skills.
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8 0
3 years ago
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
sukhopar [10]

According to your text, sales promotions such as free smples and point-of-purchase displays are designed to build. are called "Short-Term sales."

<h3>What is short term sales?</h3>

An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.

Some characteristics of short term sales are-

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To know more about short-term investment, here

brainly.com/question/7905571

#SPJ4

5 0
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