Answer:
$755 taxes due
Explanation:
Data provided in the question
Gross tax liability = $7,255
Credits available = $2,450
Taxes withheld by his employer = $4,050
So by considering the above information, the Jamison taxes due with his tax return is
= Gross tax liability - credits available - taxes withheld by his employer
= $7,255 - $2,450 - $4,050
= $755 taxes due
External adaptation, hope that helps!
Because a decrease in real autonomous spending results in a <u>fall</u> in the price level, the ultimate effect on real GDP is<u> smaller</u> that predicted by the multiplier.
Another significant discovery is made by Keynesian economics. You've learnt that Keynesians think fluctuations in total spending are what ultimately determine the level of economic activity in the short run (or aggregate demand).
Assume that full employment prevails in an economy because the macro equilibrium occurs at the potential GDP.
Keynes noted that even while the economy starts at potential GDP, it is improbable that it will stay there because aggregate demand has a propensity to fluctuate.
In 2007, the collapse of the housing market caused a decline in U.S. investment spending. The Great Recession subsequently hit the American economy as a result.
To learn more about Keynesian here
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Answer:
A. Holiday lights in mid-December: Scarce on occasion: Holiday lights are only scarce on holiday season when the demand increases.
B. Air regardless of quality: Not scarce
: Only high quality air (clean) is scare.
C. Land: Inherently scarce: No matter what we do, our planet is only one.
D. Patented goods: Artificially scarce: Patents are scarce because a law protects them.
E. Original Picasso paintings: Inherently scarce: Picasso is dead, so he cannot paint anymore.
During the NORMING stage of group development, work behaviors evolve into a sharing of information, acceptance of different opinions, and positive attempts to make decisions that may require compromise, as the members set the rules by which the team will operate.