How tax cuts or rebates affect millions of other people

Assignment Help Microeconomics
Reference no: EM131593758

Assignment: Fiscal Policy

Deliverable Length: 150 words

How you are affected by fiscal policy. For instance, you could write about how tax cuts affect you and then how they affect the economy as a whole.

Think back to 2008. The U.S. Congress passed the Economic Stimulus Act of 2008, which provided tax rebates for low- and middle-income taxpayers. Include both of the following points in your discussion:

1. Did you receive a tax rebate? If so, did you save it or use it for a new purchase or to pay your bills; or, did you put it in the bank? (If you did not receive a tax rebate, you can either put yourself in the position of someone who did or discuss someone you know who did receive a tax rebate to write your contribution.)

2. Thinking deeper about your answers, explain about how tax cuts or rebates affect millions of other people and their decisions, and then how that affects the whole economy.

Reference no: EM131593758

Questions Cloud

Why with few detailed sentences your chosen cyberscam : Explain why with a few detailed sentences your chosen cyberscam/con is the most dangerous (provide a minimum of two major points).
What measures can government put into place : Charlie likes watching downtown Abby and other shows on public televisions however he never sends any money during the fund raising drives or any other times.
Discuss the pathophysiology of both disorders : Discuss the pathophysiology of both disorders and the mechanisms by which hypertension contributes to atherosclerosis.
Basic arguments stated by the real-business-cycle : Please explain in three well-structured paragraphs the basic arguments stated by the Real-Business-Cycle (RBC) Theory, regarding economic fluctuations.
How tax cuts or rebates affect millions of other people : Explain about how tax cuts or rebates affect millions of other people and their decisions, and then how that affects the whole economy.
Share a case from your personal practice : Share a case from your personal practice or from the literature in which alternative therapies were used to facilitate the management of acute cardiovascular.
Analyze impact theory of consumer choice has on demand wages : Analyze the impact the theory of consumer choice has on: Demand curves and Higher wages. The role asymmetric information has in many economic transactions.
The physiology and pathophysiology of the disease : Develop a PowerPoint presentation with complete speaker notes for a staff in-service on the pathophysiology and pharmacologic agents for a select disease proces
Does the lattice energy of an ionic solid increase : Arrange the following substances not listed in Table according to their expected lattice energies, listing them from lowest lattice energy to the highest.

Reviews

Write a Review

Microeconomics Questions & Answers

  Find the best response function for each firm

Find the best response function for each firm and solve for the Nash equilibrium prices for each firm

  Transaction costs of bargaining are zero

Recall our example of an investment of $100,000 in research that yields a pioneering invention that has no commercial value, and a subsequent investment of $50,000 in development that yields an improvement that has commercial value of $1 million. Ass..

  What are functions of money

What are functions of money? Explain how any two of the functions arerelatedto the definitions of money?

  Which goods the government would prefer to tax

Using the elasticity estimates in the table above, classify the price elasticity demand as elastic or inelastic. Explain your reasoning. Explain the implications of those classifications on tax revenue collections when the per-unit tax increases a..

  The one-period cournot-nash equilibrium output and price

Suppose two firms supply the market for computer chips and their products are perfect substitutes. The firms choose what quantity to produce independently, i.e. compete as Cournot. The market inverse demand is described by p = 120-20Q, Q measured in ..

  Equilibrium values for pe and qe

Given the schedules #1 and #2 shown below: A. plot, draw, label supply and demand curves and estimate Pe and Qe.

  Derive the demand curves for ggcs product in each market

How much economic profit do you expect that Roberts company will make in the first year and do you expect this economic profit level to continue in subsequent years? Why or why not?

  Fail during the financial crisis

Which firm did the Treasury allow to fail during the financial crisis?

  Who has a comparative advantage in producing wine

Who has a comparative advantage in producing wine and who has a comparative advantage in producing schnitzel?

  Graph the supply and demand curves

Use supply or demand graphs to examine shifts in supply and demand and resulting changes in market equilibrium in the condition below.

  Intended effect on the economy using the as-ad model

Identify each of the following policies as either fiscal policy or monetary policy and explain why for each question. The cash for clunkers program which provided a tax credit for purchasing a new vehicle.

  Determine the price elasticity of demand

Determine the price elasticity of demand (arc elasticity of demand). An economist and a market researcher, Sandy and you, were hired to study demand.

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