Answer:
A. What happens to unemployment in the short run if inflation is expected to be 0%? - Unemployment will fall because the central bank has injected money into the economy, yet inflation remains low. This scenario leads to a higher employment rate.
B. What happens to unemployment in the short run if citizens of Australia have adaptive expectations? - Australians will expect inflation to go back to hovering around 3%, and will reduce investment, this will make unemployment increase,
C. What happens to unemployment in the short run if citizens of Australia have rational expectations? - Australians will find it profitable to hire in the short-run because their real money balances are high because inflation is very low.
The primary source of revenue for the U.S. government in 2022 become individual earnings Taxes. revenue accumulated by the U.S. government is used to fund an expansion of goods, programs, and services to assist the yankee public and pay hobby incurred from borrowing.
Taxes are mandatory contributions levied on individuals or organizations via a government entity—whether or not nearby, regional, or country wide. Tax revenues finance authorities sports, along with public works and offerings which includes roads and faculties, or programs including Social safety and Medicare.
All residents have to pay taxes, and with the aid of doing so, make contributions their honest percentage to the fitness of the authorities and countrywide economic system. The federal taxes you pay are utilized by the authorities to put money into technology and education, and to offer goods and services for the benefit of the american people.
Learn more about government Taxes here:
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Answer:
C. the greater is the marginal productivity of labor relative to that of capital
Explanation:
An isoquant is a curve that shows all the combinations of inputs that yield the same level of output.
When adding one factor holding the other factor constant inevitably, leads to lower output levels, the isoquant must become steeper, as more capital is added instead of labour, and flatter when labour is added instead of capital. Returns to capital even decline.
The utility function and the diminishing marginal utility.
the opportunity cost, indifference curve must be convex.
income budget.
