Define the standardized budget

Assignment Help Econometrics

Reference no: EM131243861

1. Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability?

2. Define the standardized budget, explain its significance, and state why it may differ from the actual budget. Suppose the full-employment, noninflationary level of real output is GDP 3 (not GDP2) in the economy depicted in Figure 30.3. If the economy is operating at GDP 2, instead of GDP 3, what is the status of its standardized budget? The status of its current fiscal policy? What change in fiscal policy would you recommend? How would you accomplish that in terms of the G and T lines in the figure?

Reference no: EM131243861

Questions Cloud

How much money must dany have in the bank when she retires : When Dany retires, she wants to withdraw $15,000 every quarter from her savings for a period of 25 years. How much money must Dany have in the bank when she retires to be able to withdraw the desired amount?

Democrat or a business major : In a class of 50 students 29 are Democrats, 11 are business majors 5 are Democrats. If one student is randomly selected from the class find the probability of choosing a Democrat or a business major?

What best approach to measure organizational effectiveness : Do you agree with the statement: "An organization's effectiveness is measured by the degree to which the organization achieves its goals?" Why or why not? How does the organization's effectiveness relate to success, if at all? Explain.

Consists of dimes and quarters : A sum of money amounting to $6.90 consists of dimes and quarters. If there are 39 coins in all, how many are quarters?

Define the standardized budget : Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability?

Define and contrast reversible and nonreversible cell injury : Explain the pathological processes associated with the term "heart muscle died." Discuss and contrast reversible and nonreversible cell injury. As per your analysis, what type of cell injury did Mr. Smith sustain and why?

Code a console-based program in python : CP1404/CP5632 2016 SP2/22/52 Assignment - Shopping List 1.0. You are to plan and then code a console-based program in Python 3, as described in the following information and sample output. This assignment will help you build skills using selection,..

Prepare a report on photostimulable phosphors : Prepare a report on photostimulable phosphors - Includes (any things related to the topic) introduction, Body, Conclusion and References

Review underlying cause of biology and inherited behavior : Review the underlying cause of biology and inherited behavior then suggest two (2) possible outcomes for each. Next, determine whether either of these underlying causes can be treated and corrected to allow an individual to align his or her thinki..

User Account

All Pages