1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erma4kov [3.2K]
3 years ago
8

Expansionary fiscal policy relies on changes in tax collections and government spending to achieve a non inflationary level of e

mployment. Given this definition, what actions and projected consequences did President Obama enact to realize this goal? Include in your discussion economic conditions that existed prior to the 2008 election, i.e. the mortgage/real estate crisis, employment & unemployment, provisions President Obama used to offset the economic conditions, projected benefits vs projected detriments to the economy.
Business
1 answer:
oksian1 [2.3K]3 years ago
3 0

Answer:

Orthodox economic theory recommeds the use of countercyclical economic policy, this means:  

  • when the economy is in expansion, the government should use contractionary fiscal policy (higher taxes and spending cuts) to keep the economy from overheating
  • when the economy is in recession, as it was in 2008, the government should implement expansionary fiscal policy (lower taxes and spending increases) to aid economic recovery.

President Obama followed the theory and used expansionary fiscal policy to help the economy recover in 2008 and 2009. Expansionary fiscal policty basically consists in either tax cuts, or defitic-financed spending, or both.

Obama mostly used the latter to help people in need of welfare benefits due to unemployment, and to finance economic projects that could employ people.

While the deficit is something to worry about, the United States is a strong country, with a desirable currency: this means that the American government is unlikely to default on its debts, and investors are quick to lend money to it at low interest rates.

The projected benefits of the expansionary fiscal policy where obvious: more economic growth, which means less unemployment.

President Obama was also aided by the Federal Reserve, which implemented expansionary monetary policy (essentially increasing the amount of money that circulates in the economy).

You might be interested in
Radovilsky Manufacturing Company , in Hayward, California, makes flashing lights for toys. The company operates its production f
IRISSAK [1]

Answer:

Explanation:

Given Demand D = 12,500 lights per year

Set up cost S = $51

Cost of each light (C) = $1 .05

Holding cost = $0.1 per light per year

Production p= 100 lights per day

Usage (d) = 12,500/300 days = 41.66(round up to 42)

= 42 lights per day

a) What is the optimal sizeof the production run?

Q =√{(2×D×S) / (H(1-(d / p)))}

Q =√{(2×12500×51)/(0.1(1-(42/100)))}

= 4688.577 = 4689 units

Q = 4689 units

b) What is the average holding cost per year?

Average holding cost per year = average inventory level * H

= (Q/2)H[1- (d/p)]

= (4689/2)0.1[1-(42/100)]

= $135.98

c) What is the average setup cost per year?

average setup cost per year = (D/Q)S

= (12,500/4689)× 51

= 135.97

d) What is the total cost per year, including the cost of the lights?

Total cost = D*C + total set up cost + total holding cost

12,500 ×1.05 + 135.98 + 135.97

Total cost = $ 13,396.95

6 0
2 years ago
A factory worker earns $500 per week and will receive a $2,000 bonus at year-end, a 2-week paid vacation, and 5 paid holidays. T
Scorpion4ik [409]

Answer:

$70

Explanation:

Data provided in the question:

Earnings per week = $500

Bonus received per year = $2,000

Paid vacation = 2 weeks

Paid holidays = 5

Now,

Since  the workers have 2 weeks of vacation the fringe benefit will be calculated for 50 weeks  

[as 1 year have 52 weeks, so  52 - 2 weeks = 50 weeks]

Now,

Bonus per week = $2,000 ÷ 50 weeks

= $40 per week

Vacation pay for the year = Earning per week × Total vacation per year

= $500 × 2 weeks =  $1,000

Thus,

Vacation pay per week = $1,000 ÷ 50 weeks

= $20 per week

since there are 5 days working in a week

Holiday pay per day = $500 ÷ 5 days

= $100 per day

Thus,

Total holiday pay for a year =  Holiday pay per day × total holidays per year

= $100 × 5

= $500

Therefore,

Holiday pay per week = $500 ÷ 50 weeks

= $10 per week

Hence,

Combined amount of accrual

= $40 + $20 + $10

= $70

5 0
3 years ago
Mr. Henshaw, CEO of MBA Bank, decides that the organization needs to provide more convenient service to customers. He decides to
ANTONII [103]

Answer: unfreezing

Explanation:

The unfreezing stage of Lewis change process is being regarded as the first stage of change, and in this stage, an organization is being prepared and accept that change is inevitable and necessary and that existing status quo should also be broken.

This is illustrated in what Mr. Henshaw, CEO of MBA Bank did, by deciding that the organization needs to provide more convenient service to customers.

6 0
2 years ago
A firm can effectively use its operations function to yield competitive advantage through all of the following except
ira [324]

Answer:

The correct answer is b.setting equipment utilization goals below industry average.

Explanation:

A firm cannot achieve competitive advantage by setting its equipment utilization goals as this will not retain its customers.

If a firm wants to achieve competitive advantage it can achieve it by;

Addressing its customers concerns and customizes the products according to their needs.  

Providing customers their ordered products earlier than other companies lead time, which means increase in speed of delivery and shortens the delivery time.

Bring improvement and advancements in its products by using new technology.

Maintain a variety of different product options to cater the needs of its various customers. Offering them a wide range of products will probably reduce chances of customer switch.

4 0
3 years ago
Which of the following statements is false?
Brilliant_brown [7]

Answer:

The false statement is letter "C": Stratification of the population into several homogeneous sub-populations generally reduces audit efficiency.

Explanation:

Stratification is the method of grouping a population into subpopulations, with each group of units having similar characteristics. The efficiency of audits can be increased if the auditor stratifies a population by grouping it into different sub-populations since the variability of items will be reduced.

8 0
2 years ago
Other questions:
  • Which of the following statements is CORRECT?
    13·1 answer
  • A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The
    10·1 answer
  • Which of the following is NOT included in the entry career pathway?
    12·1 answer
  • Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
    6·1 answer
  • Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi
    13·1 answer
  • Who is pressuring Mr. Patil to
    9·1 answer
  • Which type of text takes a larger proportion of money from people who make more money?
    11·1 answer
  • What happens when a single seller market develops into a competitive market?
    7·1 answer
  • Compared to the other classifications of consumer products, shopping products are:_________
    9·1 answer
  • The ____________ of the note is the one that signed the note and promised to pay at maturity. the (maker/payee) of the note is t
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!