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Stella [2.4K]
3 years ago
15

During a severe recession Congress passes legislation to cut taxes, this would be an example of a(n): g

Business
1 answer:
Doss [256]3 years ago
5 0

Answer:

expansionary fiscal policy.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

Hence, if during a severe recession, Congress passes legislation to cut taxes, this would be an example of an expansionary fiscal policy.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

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________is one of the most substantial influences on buyer behaviors and attitudes. It is the smallest, most immediate reference
scZoUnD [109]

Answer: Family.

Explanation:

The family a consumer is born into, strongly influences the way that consumer would make purchase for the rest of their lives. This occurs because in the family, the consumer is groomed to love a certain type of food, fashion and develop a specific type of taste that remains with them as long as they live.

3 0
3 years ago
Failure to adequately plan for retirement can result in
frutty [35]
I believe the answer is 'D. Additional Taxes'

Hope this helps.
5 0
3 years ago
Fiona wants to sell a local advertising calendar. There are 1,000 households in her community, and she estimates that 30 percent
vekshin1

complete question:

Fiona wants to sell a local advertising calendar. There are 1,000 households in her community, and she estimates that 30 percent will buy a calendar. The printing company will charge a $100 set up fee, and calendars will cost $4.00 each to print. She needs to cover all costs and make a $600 profit. Assume that each household will buy one calendar in one year.  When she makes the $600 profit, what is the contribution per household

Answer:

contribution per household = $ 6.33333333333

Explanation:

Fiona wants to sell a local advertising calendar. There are 1000 household in her community . Her estimates for the number of the people that will purchase a calendar is 30% of the household in her community. This means 30/100 × 1000 = 300 household is the estimated number to buy her calendar.

Note that each household can only buy one calendar for that year.

Her total cost for the calendar can be calculated below:

set up fee = $ 100

cost for each calendar = $ 4

since she is producing 300 calendar = 4 × 300 =$ 1200

Total cost= 100 + 1200 = $ 1300

Total selling price - total cost price = profit

profit = $600

total cost = $ 1300

total selling price = ?

Total selling price - total cost price = profit

Total selling price -  1300 = 600

Total selling price = 600 + 1300

Total selling price = $1900

The contribution per household can be computed as follows:

Total selling price/estimated number of household to buy a calendar

contribution per household = 1900/300

contribution per household = $ 6.33333333333

4 0
3 years ago
M1 money growth in the U.S. was about 15% in 2011 and 2012, and 10% in 2013. Over the same time period, the yield on 3-month Tre
Ilya [14]

Answer:

The reason is that high rates of money growth actually lower interest rates.

Explanation:

During economic hardship, governments employ expansionary fiscal policy: this policy consists in the central bank (the Fed in the case of the U.S.) printing money to lower interest rates. The reason is that more money in the economy raises the availability of loanable funds, and this reduces in turn the interest rates that securities pay.

Government bonds, being the safest security, will have their interest rates reduce substantially during times of high money growth due to expansionary fiscal policy.

4 0
2 years ago
In the context of group decision making, which of the following is a difference between the nominal group technique (NGT) and th
Anit [1.1K]

Unlike the NGT, the Delphi technique involves creating a series of open-ended questions for group members.

Explanation:

An open-ended query is not replied by a "yes" or "no" answer or by a set answer. Questions open to the public are presented as a declaration requesting a response. The solution is equivalent to knowledge that the questioner is already acquainted with.

Types of open-ended questions:

  • Tell me your supervisory partnership.
  • How do you look forward to the future?
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5 0
3 years ago
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