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Question: The Kennedy-Johnson tax cut reduced personal income tax rates by 20% during 1964 and 1965; the personal saving rate was virtually unchanged from 1963.4 to 1965.4. The Reagan tax cut reduced personal income tax rates by 25% in 1982 and 1983; the personal saving rate fell sharply over that period. Why did the saving rate fall after the Reagan tax cut but not after the Kennedy-Johnson tax cut?
david wants to buy a machine for his firm. he expects to incur the maintenance cost of 500 at the end of the 1st year
What can cause the demand for a resource to shift - Why does the division of resource earnings into economic rent and opportunity costs depend on the resource owner's elasticity of supply?
1. A government fulfills a protective function when it a. taxes some citizens in order to provide income transfers to others. b. provides funds for flood control projects and builds highways.
the gpi bookstore orders sweaters with the gpi logo on them and sells them for 40 a piece. during a typical month 80
Draw a diagram for two goods, with the quantity of good 1 on the X-axis. What will the indifference curves for substitute goods look like? What will they look like for complementary goods?
What is the difference between ordinal utility and cardinal utility? Explain why the assumption of cardinal utility is not needed in order to rank consumer choices.
In the market for corn with a price support, explain why the corn price has risen and ended up being too high to "trigger payouts."
Select a good or service that you are familiar with (perhaps, a good that your company produces or a good or service that you like to buy). What factors affect the supply and demand of this good or service? How do you expect the equilibrium quantity
What would you do to encourage others to develop their EI? What would you do to create a positive emotional climate in your department?
Explain what strategies you used to formulate a viable argument - Explain how you plan to support your thesis statement with compelling arguments and counterarguments.
Assume a visitor from another nation decides to open a checking account at J & R National Bank. The visitor deposits $20,000 that is new money to the Macro.
Discuss the fundamental reasons why he arrives to this conclusion. Do you agree or disagree with Gordon's main arguments? Please provide examples to substantiate your claims.
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