Was this legislation an example of fiscal policy

Assignment Help Microeconomics
Reference no: EM131022950

In 2009, Congress and the president enacted "cash for clunkers" legislation that paid up to $4,500 to people buying new cars if they traded in an older, low-gas-mileage car. Was this legislation an example of fiscal policy? Does your answer depend on what goals Congress and the president had in mind when they enacted the legislation?

Reference no: EM131022950

Questions Cloud

What would the purchase price have to be : A investor has purchased 10-year bonds, with a face value of $11,000. Interest at 8% is paid quarterly. If she desires to earn 12% nominal interest (compounded quarterly), what would the purchase price have to be?
What is percent rate of return-present value of perpetuity : What is the present value of a perpetuity of $4,887 if the discount rate is 10.26%? How long will it take to double your money at an annually compounded interest rate of 8.4%? If you pay $1,463 for a perpetuity of $135, what is your percent rate of r..
How you will implement your plan to improve communication : As you begin to develop your plan of action, what important considerations will you address to improve the communication and collaborative effort among the group?
Mason companys selling price for its only product : What is the break-even point in units for Mason Company’s product?
Was this legislation an example of fiscal policy : In 2009, Congress and the president enacted "cash for clunkers" legislation that paid up to $4,500 to people buying new cars if they traded in an older, low-gas-mileage car. Was this legislation an example of fiscal policy? Does your answer depend..
The current rate be on three-year treasury securities : One-year Treasury bills currently earn 3.25 percent. You expected that one year from now, one-year Treasury bill rates will increase to 3.45 percent and that two years from now, one-year Treasury bill rates will increase to 3.95 percent. The liquidit..
Degree of independence of the standard-setter : Is there a connection between the amount of political lobbying in a country and the degree of independence of the standard-setter from (a) government departments, and (b) the accountancy profession?
Are federal expenditures as a percentage of gdp higher : What is the difference between federal purchases and federal expenditures? Are federal purchases higher today as a percentage of GDP than they were in 1960? Are federal expenditures as a percentage of GDP higher?
Prepare a financial analysis of warehouse distribution : Develop a PowerPoint presentation that answers the following questions: Prepare a financial analysis of Warehouse Distribution, Inc.(I will upload the income statements for Warehouse Distribution), comparing the firm’s financial performance between t..

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the lowest price that pat would accept for the firm?

What is the lowest price that Pat would accept for the firm?

  Explain what will happen to the interest rate in the short

An economy is facing the inflationary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real..

  What is the importance of the degree of elasticity

Is demand for courses at the universities that did not increase their fees elastic or inelastic with respect to universities that did increase their fees? What is the importance of this degree of elasticity?

  Calculate the percentage of iq scores

IQ scores are normally distributed and assume that the average IQ for all Economics majors is 108 with a standard deviation of 11. what percentage of Economics majors would have an IQ of more than 118.

  Legitimate and necessary role of the federal government

It it the legitimate and necessary role of the federal government or the Federal Reserve System to provide "fiscal stimulus"? Under what Constitutional authority? If so, when should stimulus be provided, and how should we determine the size of the st..

  Describe the positive and negative impacts social regulation

Provides a detailed and well-supported explanation of the justification for natural monopolies according to economic theory.

  Analysis of the countrys viability as opportunity for export

Cultural determinants about this country would be most important to you as you reach a decision about whether or not to do business in this country.

  Compare the policy approaches of tsca and fifra

Contrast the Seattle per-can pricing program with Perkasie's bag-and-tag approach, both from an environmental and an economic perspective.

  What is driving force creating growth in economy in model

Consider the difference between the New Classical and Keynesian model regarding macro policy. What is the driving force creating growth in the economy in each model Why does each one say that item creates growth Explain

  Analyze the equilibrium in the market

Discuss informally what you would expect to see in a model of the housing market like the one presented in class, but in which people form expecta- tions of future house price changes by extrapolating from price changes in the recent past.

  Impact of macroeconomic variables

The Macroeconomic Paper tests your ability to apply economic principles to a business decision considering the impact of macroeconomic variables.

  Describe how households slowed down circular flows of money

The Circular Flow Model provides a snapshot of our economy. Describe how households and businesses slowed down the circular flows of money, goods, and services during the recent economic slump.

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