Answer:
d. cut spending equal to the reduction in tax revenue
Explanation:
Recession is basically a period of temporary economic decline where people usually buy less and less trade happens. When this happens, the government loses TAX revenue (money coming in from taxes) so a good way for govt. to balance the budget (amount that govt needs for spending on different areas) is to cut spending equal to the reduction in tax revenue (the reduction came about due to recession)
In other words, reduce spending by x dollars (here x dollar represents the lost tax revenue.
Answer:
The answer is: Barb will earn more interest the second year than Andy.
Explanation:
The magic of compounding interest refers to the fact that the more frequently your money earns compounding interest, the bigger your balance will grow. Compounding interest adds earned interest into your account and then pays you an interest over the previous interest.
So Barb will earn more interest in the second year since the interest she earned in the firs year will gain more interest.
Yes different situations call for different measures
Answer:
The statement is true
Explanation:
Utility is defined as the usefulness which a customer can get from acquiring a service or good.
MU (Marginal Utility) is the one which is the additional utility or goods or service gained or acquired by a customer, from the consumption of 1 additional unit. In other words, it is the usefulness which is obtained from gaining one more or additional unit of a product.
Therefore, the statement is true.