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Alex17521 [72]
4 years ago
6

The new classical critique of activist fiscal policy is theoretically different from the crowding-out critique. Crowding-out occ

urs when private spending __________ in response to government spending. Under the new classical critique, increased government spending leads people to __________ their current savings in order to help pay for higher taxes in the future.
A. decreases; decrease
B. increases; increase
C. decreases; increase
D. increases; decrease
Business
1 answer:
Alik [6]4 years ago
6 0

Answer:

C. decreases; increase

Explanation:

Although both the crowding-out critique and the classical critique both argue that more public spending (activist fiscal policy) will lead to less private spending (thus less-than-expected increase in demand for the economy to grow), the reasons they put forward are subtly different.

Crowding-out happens because government spending reduces the money supply (hence raise interest rate - the price of money) or investment opportunities to the private sector, making it <em>difficult for the private sector to spend</em> , hence there's less private spending.

The classical critique argues that because people anticipate that goverment will increase tax in the future to cover for the fiscal deficit, <em>they will save more to pay for tax</em>, also leading to less private spending.

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According to adorno, a(n ________ is a person who is prejudiced and ranks high on scales of conformity, intolerance, insecurity,
IRISSAK [1]
The answer that best fits the blank provided is AUTHORITARIAN PERSONALITY. From the term itself authoritarian, this is the kind of person who imposes superiority among others and often prejudges others. This is based on Theodor W. Adorno. Hope this helps.
4 0
3 years ago
Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day.For a co
Murrr4er [49]

Answer:

B) use the observed data to form a hypothesis about ice cream buying behavior.

Explanation:

The scientific method is a research method where the first step is recognizing and identifying the problem ⇒ relevant information is obtained ⇒ a hypothesis is formulated ⇒ the hypothesis is tested.

In order for a research (that uses the scientific method) to be valid, the researcher must be able to duplicate the research process and obtain the same or similar results.

7 0
3 years ago
The short-run aggregate supply curve shows: O Changes in output in an economy as the price level changes, holding all other dete
tankabanditka [31]

Answer:

It show the <em>Changes in output in an economy as the price level changes, holding all other determinants of real GDP constant </em>

Explanation:

<em>The short run aggregate supply curve displays the adjustments in an economy's production as the price level increases, keeping all the other actual GDP determinants constant. </em>

This demonstrates the connection of the price level to the output

Holding all GDP determinants stable as demand shifts with short run prices indicates a strong correlation among price level and output

5 0
4 years ago
americans pay federal, state, and local governments nearly percent of every dollar they earn in taxes.
frozen [14]

nearly 41.1   percent of every dollar they earn in taxes.

the required details about taxes is given in below link

In the United States, the primary source of tax revenue was from individual income taxes (federal, state, and municipal).

sources of US tax revenue.

The United States relies substantially more on individual income taxes and property taxes than the OECD average. Individual income taxes generated 41.1 percent of total tax revenue in the United States, compared to an average of 24 percent in OECD countries—a 17.1 percentage point differential.

This is mainly due to the fact that in the United States, more than half of business income is reported on individual tax returns. In comparison to other OECD nations, the United States' method of taxing business income increases the share of tax revenue from individual income taxes and decreases the share of tax revenue from corporate taxes.

to know more about US tax revenue.

brainly.com/question/27978084

#SPJ4

4 0
1 year ago
Assume that a tire company sells 4 tires to an automobile company for $400, another company sells a compact disc player for $500
gtnhenbr [62]

Answer:

A) $20,000

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The stereo and the tires wont be included in GDP because they are intermediate goods. It is only the final good, the car, that would be included in GDP

3 0
3 years ago
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