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Question 1. Discuss the effects on future generations resulting from an increase in G in the present (financed by borrowing in a closed economy), following the same assumptions we had in lecture 12 (G is only government consumption and provides only costs due to higher taxes (no benefits); Y in the present remains unchanged and there is a complete crowding out effect. Assume that individuals do not anticipate the higher taxes to be paid in the future. The effect on future generation should be measured in terms of their after-tax income.
Excerpt: Fiscal policy should likewise support the transformation of economies to increase productivity and economic growth. In several countries, reaching this goal calls for increasing high-quality investments in physical capital and education and better targeting fiscal transfers toward policies that support the retraining and reallocation of workers across firms and sectors IMF!!!, Fiscal Monitor, October 2021
Question 2. Now, discuss the effects on future generations resulting from an increase in government purchases that follow the assumptions that are implicit from the paragraph above (disregard the part on transfers). Assume that this policy has the same costs (taxes will be paid in the future) as your answer in part 1. 2 Suggest one specific example of government purchases of goods and services that increases total factor productivity in the present and future K. You may also include human capital in your Cobb-Douglas production function. Under these circumstances, is it possible that an increase in G crowds in, rather than crowds out, present private absorption? Explain and discuss your answer using the Y = C + I + G equation and illustrate your answer on the S-I graph.
1. Summarize the courts' majority decision. Provide an analysis and explanation of the major applicable cases which provided precedent to the majority.
Suppose a country that did not allow trade with the United States opens its borders and purchases $100,000,000 worth of goods. Suppose further that the multiplier in the United States is 1.5. By how much will U.S. GDP grow?
What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth, and why?
Aggregate Supply and Demand Search your local newspaper for articles relating to the impact of changing gasoline prices. Summarize the articles and answer.
Determine which of following independent projects should be selected for investment if $325,000 is available and the MARR is 10 percent per year
In a multiple regression model using 400 students to explain college grade point average, the following explanatory variables and a constant term equal to 1 are initially included in the regression: high school GPA, ACT score, number of credits co..
At the start of the game, A will decide how much to spend on advertising. B, after learning how much A has spent, can then either match A's advertising expenditure or spend nothing on advertising.
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
Illustrate what would be various variations and perspectives from current economic downturns
1. Income, Poverty, and Health Insurance Coverage in the United States 2009 2. Leading Change: A plan for SAMHSA's Roles and actions, 2011-2014...... strategic initiate #5 Health Reform 3. The Burden of Health Care Costs for Working Families: implica..
Please watch the video then write 3 pages paper. The paper should find 3 classic lines and who, when, what(the main ideas for each economist) of 3 lines. The last part should talk about what they mean to and opening with "I think...".
What is an interemporal commitment mechanism and why is it important?
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