Arguments for tax cuts made by supply-side economists

Assignment Help Business Economics
Reference no: EM131169349

A criticism of the arguments for tax cuts made by supply-side economists is that the:

A) demand-side effects will reinforce the supply-side effects, thus creating cost-push inflation.

B) supply-side effects will increase saving and reduce consumption.

C) demand-side effects will be stronger than the supply-side effects.

D) supply-side effects will be stronger than the demand-side effects.

Reference no: EM131169349

Questions Cloud

Average total cost of producing ten units of output : Assume that total fixed costs are $46, that the average product of labor is 5 units when 10 units of output are produced, and that the wage rate is $12. If labor is the only variable input, what is the average total cost of producing 10 units of outp..
Competing producers and enhances overall country welfare : "While the imposition by a country’s government of an import tariff on a good clearly injures the country’s domestic consumers of the good, the tariff helps domestic import-competing producers and enhances overall country welfare.
Suppose the government imposes an excise tax : Suppose the government imposes an excise tax of $10 on a market. Suppose further that the price elasticity of demand for the good is 0.9 and the price elasticity of supply is 0.3. Everything else held constant, the sellers will bear _____ percent of ..
Adverse technological shock on the labor market : Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market. b. Suppose you were interested in increasing technological progress in your country.
Arguments for tax cuts made by supply-side economists : A criticism of the arguments for tax cuts made by supply-side economists is that the:
Profitmaximizing output for monopolist with abnormal profit : Draw a diagram illustrating the profitmaximizing output for the monopolist with abnormal profit. The diagram should contain short-run average cost, average variable cost, short-run marginal cost, and marginal revenue curves and shade area that repres..
Explain the difference in the size of the elasticities : According to studies by economists Frank Chaloupka and Michael Grossman, the price elasticity of demand for cigarettes for teenagers is 1.3 and for adults is 0.4 ("Price, Tobacco Control Policies and Smoking Among Young Adults," JHE, Vol. 16, no. 3 (..
Segment of the demand curve elastic or inelastic : The equation for a demand curve is P = 48 – 3Q. Calculate the elasticity when moving from a quantity of 5 to a quantity of 6? Show your work. Based on your answer, is this segment of the demand curve elastic or inelastic?
From the financial statements of under armour : From the financial statements of Under Armour identify any sources of risk in there operations. Do the financial reports indicate any uncertain activities or changes to the economic environment that ultimately appear to have affected the company's fi..

Reviews

Write a Review

Business Economics Questions & Answers

  Two dry cleaners are located on a street of length

Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.

  Two deficits are related economically

Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.

  Elucidate rate most likely would be your income tax rate

Your friend makes half of your salary and pays 20% in income taxes. Elucidate rate most likely would be your income tax rate.

  Group of policies aims at extracting all consumer surplus

Which group of policies aims at extracting all consumer surplus?

  Illustrate what is your break-even price

If you receive a request for proposal (RFP) on a project for four units, illustrate what is your break-even price.

  Draw two indifference curves

For the following sets of goods, draw two indifference curves(IC1 and IC2 where IC2 yields a higher level of utility than IC1). Draw each graph so that the quantity of the first good is on the horizonal axis and identify utility functions for part a)..

  What is the dollar value of the invoices in exercise

What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound

  Graphical implications of agricultural production

Show the graphical implications of agricultural production increasing at a rate that is faster than population increases during the same time period. Explain the outcomes.

  Concept of dualism adequately portrays

Explain how does the concept of dualism adequately portrays the development picture in developing countries.

  Assuming the system is operating on pay-as-you-go basis

Calculate the tax rate on wages necessary to pay Social Security benefits this year assuming the system is operating on a pay-as-you-go basis. calculate the tax rate necessary to pay promised benefits on a pay-as-you-go basis. What can be done to low..

  Citizenship preference be given to the neediest applicants

Should United States government approach favors certain kinds of immigrants. Should citizenship preference be given to the neediest applicants.

  The producer and consumer surplus in markets

What happens if you are willing to pay $80 to go to a concert, but the ticket prices are only $50. How does this affect the producer and consumer surplus in markets? Provide a detailed response.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd