As a member of the presiden''ts council of economic advisors

Assignment Help Macroeconomics
Reference no: EM13331492

As a member of the Presiden'ts council of Economic Advisors, you estimate that an increase in the federal deficit of a given amount will increase equilibrium income by twice that amount. If the goal of the administration is to increase equilibrium income by $1000, you would recommend: and why?

Reference no: EM13331492

Questions Cloud

Explain why this statement and the assumption that net : Explain why this statement and the assumption that net receipts will be zero at an output where marginal revenue equals marginal costs are wrong.
What is the firms marginal revenue : A competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
How can these wage patterns be explained : From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the average real wage of high school graduates fell.
What nominal annual interest rate will you be charged : A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged?
As a member of the presiden''ts council of economic advisors : As a member of the Presiden'ts council of Economic Advisors, you estimate that an increase in the federal deficit of a given amount will increase equilibrium income by twice that amount. If the goal of the administration is to increase equilibrium in..
Determine the age of the ancient site : After a plant or animal dies, its 14C content decreases with a half-life of 5730 years. what is the age of the ancient site
What is the stress in the post : A vertical solid steel post of diameter d = 21.4cm and length L = 2m is required to support a load of mass m = 7650kg. What is the stress in the post
The point when they focus on surface level behaviors : Why do organizations miss the point when they focus on surface level behaviors
What is the tension in the achilles tendon : A 601N athlete standing on one foot on a very smooth gym floor lifts his body by pivoting his foot upward through a 30.0? angle, What is the tension in the Achilles tendon

Reviews

Write a Review

Macroeconomics Questions & Answers

  Suggestions of privatization

Discuss, relating in part whether such highways are public goods and whether or not privatization should work.

  Explain how much will your companys total revenues

Explain how much will your company's total revenues revenues from both products change if you increase the price of good X by 1 percent.

  Find data on gdp and its components

Find data on GDP and its components, and compute the percentage of GDP for the follow-ing components for 1950, 1980, and the most recent year available. a. Personal consumption expenditures b. Gross private domestic investment

  What is the impact of immigration on the income distribution

Income inequality and immigration are two major important issues facing the United States economy and have long been debated across the political spectrum. What are some of the important questions related to income inequality and immigration.

  What is the percentage of the problem in a country

What is the percentage of this problem a country has a population of 2,130,819, and another country's has a population of 11,862,740 what is the percentage when you compare the two countries

  Determine the deadweight loss

Assume that demand for labor by firms is given through L=1000-100W and the supply of labor from workers is given by L=-400+100W, where L represents the number of workers and W is the wage in this labor market.

  Which policy program promotes economic stability

T = 1,200 (taxes - non-income) What is the multiplier associated with each policy program (i.e. the multiplier AFTER the program is implemented - just the number please)? Which policy program promotes economic stability

  How much will equilibrium income change

Whether the government cuts taxes by $200 billion or increases transfer payments by $200 billion, the initial effect on disposable income is the same. By how much does disposable income initially change? If the government cuts taxes, by how much wi..

  Lerner index to compute your price mark-up

Lerner Index to compute your price mark-up. What is your optimal price if you produce 1000 units.

  What is the followers reaction function

The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF (QF) = 6,000QF. a. What is the follower's reaction function

  Define product which have no brand other than identification

A "product" is best described as: A) A purely physical entity. B) An image in the mind of the consumer. C) A need satisfying offering of a firm. D) An intangible service. 2._____ means a product's ability to satisfy a customer's needs or requirements..

  Calculate his income and substitution effects of a decrease

Lou's preference over pizza(x) and other goods(y) are given by U(x,y) = xy, with associate marginal utilities MUx=y and MUy=x. His income is $120.

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