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WASHINGTON-Less than one month after President Obama took office, Congress last night passed his flagship proposal, an unprecedented collection of tax cuts and new spending that Democrats say offers the country its best hope to stave off an impending depression.
After a frenzied month of legislating, the House and Senate produced an economic stimulus bill estimated yesterday to cost $787 billion, with $281 billion in new tax cuts and the remainder in one-time spending on infrastructure investments, expanded unemployment benefits, and other programs.
It passed both chambers on a largely party-line vote, winning the support of no Republicans in the House and three in the Senate.
Assuming an MPC of 0.75, how much of a cumulative impact on spending could be expected from President Obama's (a) Increase in government spending?
(b)tax cuts?
Exchange rate play big role in increasing US exports, the low exchange rate will enhance exports,please explain the consequences of the exchange rate on the US CA deficit
Calculate the percentage change in the money supply if the cash reserve ratio were instead reduced to 6%. Explain your results and illustrate your answers in both cases with the appropriate diagrams.
consider two countries vietnam and the united states which produce two agricultural goods rice and wheat. the table
Think the yearly budget deficit in the U.S. versus GDP, How does this compare to other industrial economies? What is your opinion on this relationship of budget deficit to GDP?
in the period 2000-2003 the rgdp real gdp adjusted for inflation growth rate in the us averaged 2.39 per year while
According to the U.S. Census Bureau, in July 2006 the United States exported aircraft worth $1 billion to China and imported aircraft worth only $19,000 from China
Based on your answer, identify who benefits and who is hurt because of the tariffs and also identify at least one industry that is likely to strongly lobby in favor of quotas and one that is likely to lobby against the quotas.
How much will the money supply increase if the required reserve ratio equals 10 percent and all banks initially have zero excess reserves. and the Fed buys $ million in U.s. Government securities
Many have claimed that outsourcing by American companies is costing American jobs. However, companies claim that they cannot compete if they do not cut cost and one effective way of cutting cost, is to have some of your goods produced outside
On Friday, New York foreign currency market closed with a quote of $1.0900 per Euro. To stimulate economic activity the Federal Reserve hints that interest rates will be lowered by fifty basis points
A certain commodity cost 0.5 pound sterling in the United Kingdom. In U.S. denominated dollars, this same item can be purchased for 85 cents. The exchange rate is 1 pound sterling= $1.80 U.S. a. Should this commodity be purchased in the United King..
Between 1968 and 1980, the US economy experienced a slowdown inproductivity growth. However, since the mid 1980s, the economy hasexperienced increases in the growth rate in productivity.
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