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AveGali [126]
3 years ago
8

How can capitalism be best described in the United States today?

Business
1 answer:
frosja888 [35]3 years ago
5 0
The US has a form of capitalism with modest government interference with a current increasing tendency towards laissez-faire.
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Refer to the diagrams. The numbers in parentheses after the AD1, AD2, and AD3 labels indicate the levels of investment spending
FrozenT [24]

Answer:

Decrease the money supply from $120 to $100

Explanation:

If the monetary authorities reduces aggregate demand from AD3 to AD2, money supply decreases from $120 to $100. This decrease will cause a decrease in consumer spending. There will be a reduction of price levels and real output.

This is also called contractionary monetary policy and it causes interest rate to be higher there by reducing investments.

4 0
3 years ago
Read 2 more answers
Purely competitive industry X has constant costs and its product is an inferior good. The industry is currently in long-run equi
jasenka [17]

Answer:

increase in output, but not in the equilibrium price of the product. 

Explanation:

The options weren't provided. The full question can be found here - https://www.chegg.com/homework-help/questions-and-answers/perfectly-competitive-industry-x-constant-costs-product-inferior-good-industry-currently-l-q39354625

An inferior good is a good whose demand increases when income falls and whose demand falls when income rises.

When average income falls, the demand for good X rises. The level of output increases as a result of the rise in demand but price doesn't change.

I hope my answer helps you.

5 0
3 years ago
What is the amount of Justin and Jenna's earned income tax credit reported in the payments section on page 2 of their tax return
MissTica
<span>The amount of Justin and Jenna's Earned Income Tax Credit which was reported in the payment section on page two of their return was $836. The Earned Income Credit, or EIC, is a tax credit that is refunded to low to moderate income earners who are working weather individual or couples. Generally, this is given to those who have children. The amount of the credit depends on the income and number of children.</span>
6 0
3 years ago
1. How do new tax laws get passed?
Setler79 [48]

Answer:

<u><em>Procedure to pass new tax laws:</em></u>

1. First, a representative sponsors a bill.

2. The bill is then assigned to a committee for study.

3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended

4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.

5. After Congress passes the bill,

6. it goes to the president, who can either sign it into law or veto it.

4 0
3 years ago
To learn more about the competitive environment where your printing company operates, you hire a market research firm to survey
Airida [17]

Answer:

e

Explanation:

got to make the cash doods

3 0
3 years ago
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