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Each year since winning control of the House of Representatives in the 2010 election, Tea Party Republicans have argued that we need to immediately initiate sharp reductions in government spending and entitlement programs and rapidly move towards a balanced budget, (although they have never actually produced a budget proposal in which tax revenues would match government spending plus entitlement transfers). Many Democrats, while arguing that tax rate increases on high income earners need to be part of the any deficit reduction program, have agreed that we need to initiate budget deficit reduction now.
A) What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending on goods and services or via sharp increases in federal income tax rates?
B) Does this argument imply that budget deficits don't matter in the long run? If not, why might the impact of large deficits predicted in the long run if there is no change in current tax, entitlement or defense spending programs be different than the impact of budget deficits today?
What must the CFO expect about the Pounds/$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the British Pound CD's? (Note: a specific numeric answer is required for full credit. Part credit can be earned for correctly discussing the expected direction of change in the exchange rate without supplying an exact answer.
economists also the public at large normally think of skill-level having having an inverse relationship with unemployment.
Explain how the economy affects the success of the auto industry. Economic influences that can affect the industry in a negative way.
The Microsoft trial has been only one of the biggest investigations of antitrust behavior as the turn of the century.
Suppose the multiplier equals 10.0 and autonomous expenditure decreases by $30 billion. What is the change in equilibrium expenditure?
ABC Technologies, Corporation, enjoys an exclusive patent on process to atomize gasoline in platinum in combustion engines, producing substantial gains in miles a gallon
Using a supply and demand graph and assuming competitive markets, show and explain the effect of equilibrium price and quantity of the following A) a technological change that reduces the cost of producing x-rays on the market for physician clinic ..
What problems arise in estimating whether an equal income distribution is fair or not? Diuscss the difference between income and wealth?
our company has purchased a large ne truck for over thr road use(asset class 0.26).it has s cost basis of $180,000.With additional options costing $15,000,the cost basis for depreciation purposes is $195,000.its ,MV at th end if five years is esti..
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
Households make four kinds of economic decisions. Assume you have two households with the same income. Household A has one income earner and Household B has two income earners.
On a typical day, Park Place Clinic writes 1,000 dollar in checks. It generally takes four days for those checks to clear.
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
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