aggregate demand is too low, government can use fiscal policy to stimulate the economy through increased spending or decreased taxes.
<h3>What is
taxes?</h3>
A tax is a mandatory financial charge or other sort of levy imposed on a taxpayer by a governmental entity to fund government spending and related public expenses.
A tax deduction is a provision that lowers the amount of taxable income. A standard deduction is a single, fixed-amount deduction. Itemized deductions are popular with higher-income taxpayers because they frequently have considerable deductible expenses such as state/local taxes paid, mortgage interest, and charitable contributions.
The effective tax rate is the percentage of an individual's or corporation's income that is paid in taxes. Individuals' effective tax rate is the average rate at which their earned and unearned income, such as stock dividends, are taxed.
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The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
A continuous schedule of reinforcement is used when a person is learning a new behavior.
<h3>What is
reinforcement?</h3>
In behavioral psychology, reinforcement can be perceived as the consequence that is been utilized to strengthen an organism's future behavior in a case where behavior is preceded by a specific antecedent stimulus.
It should be noted that continuous schedule of reinforcement is used when a person is learning a new behavior since the strengthening effect may be measured as a higher frequency of behavior.
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