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Question: President Trump has proposed a lowering of the corporate income lax rale from 35% to 15% and the top personal income tax rate from 39.6% to 15%. When lie unveiled the tax plan. Treasury Secretary Steven Mnuchin argued that the tax cuts would increase economic growth, which would increase government revenues enough to cover the costs of the tax cuts. The basis for this argument comes from the Laffer curve. Briefly describe the Laffer curve, and the theory behind it Analyze in great detail the potential effects of this policy on economic growth, the-federal government budget deficit and debt, the value of the dollar, and Interest rates. Use data and the theories we discussed in the course to support your answer It is expected that you will bring tables of data and/or graphs to the exam to submit with your answer.
The Supreme Court Justices are appointed by the president and approved by the Senate. Now that we understand how the justices are elected, and the perks and downfalls to their undemocratic election, do you find it appropriate for the Supreme Court..
Assume the elasticity of demand for chewing tobacco is .60 and the elasticity of supply is 2.30. Suppose an anit-chewing tobacco campaign decreases the demand for chewing tobacco by 18%. The equilibrium price of chewing tobacco will decrease by ..
Use PowerPoint® to design a process flow illustrating your proposed data migration process. Keep in mind that data migration to a temporal database is inevitable.
Find the maximum of (X1,X2) of F subject to the constraint: P1X1+P2X2 =I (Income), the answer should be a function of (P1,P2,I)
Suppose that permanent income is find outd as the average of income over the past five years; that is Yp=(Y1+Y2+Y3+Y4+Y5)/5. Suppose further that consumption is given by C=0.9YP.
Define and then compare the two components of real GDP. Is the cyclical component affected by the trend component? Why or why not?
What is Avon's strategy? Good to look at class notes and the text! What should it be? The same? Something different? How can you show that your solution makes sense?
You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic products in your market, you also compete against major brands suh as Coca-Cola and Pepsi.
What happens to the validity of these comparisons - Which country has the highest per capita GDP and which country has the lowest?
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.
With a U.S. marginal propensity to consume, assumed at 1/2, what will happen to the following with the neoclassical model of national income if the Bush Tax Cuts expired
Telefono Mexico is expanding its facilities to serve a new manufacturing plant. The new plant will require 2000 telephone lines this year, and another 2000 lines after expansion in 10 years. The plant will operate for 30 years.
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