As mentioned in the chapter, in 1968, the U.S. government placed a temporary 10% surcharge on personal
Question:
a. How would you describe this policy?
b. Economic research has shown that consumers are more likely to make changes in consumption spending when there is a permanent change in their income. Based on this idea, would you expect this surcharge to have the desired result?
c. How would your answer be different if the surcharge were permanent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
a This is a discretionary fiscal policy It is also a contractionary fiscal policy b ...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
Question Posted:
Students also viewed these Chemical Engineering questions
-
As mentioned in the chapter and in problem 2.7, in 1968, the U.S. government placed a temporary 10% surcharge on personal and corporate income in an attempt to prevent the economy from overheating...
-
T o prevent the formation of oxides, peroxides, and superoxide, alkali metals are sometimes stored in an inert atmosphere. Which of the following gases should not be used for lithium: Ne, Ar, N2, Kr?...
-
As mentioned in the text, the viscosity of liquids decreases with increasing temperature. The empirical equation η (T) = Ae E/RT provides the relationship between viscosity and...
-
A mathematical model for the inside of a bowl is obtained by rotating the curve x 2 + y 2 = 100 through 360 about the y-axis between y = 8 and y = 0. Each unit of x and y represents 1cm. a. Find the...
-
Determine the effect that each of the following transactions have on Leons current ratio and debtto-equity ratio. Indicate whether the transaction increases, decreases, or has no effect on each...
-
Refer to Figure 10.42. A strip load of q = 43 kN/m2 is applied over a width, B = 11 m. Determine the increase in vertical stress at point A located z = 4.6 m below the surface. Given: x = 8.2 m. q...
-
The van der Waals equation of state is applicable for the (a) Solid phase only (b) Liquid phase only (c) Liquid and gas phases only (d) Solid, liquid and gas phases.
-
(EPS: Simple Capital Structure) A portion of the statement of income and retained earnings of Pierson Inc. for the current year follows. Note 1 during the year, Pierson Inc. suffered a major casualty...
-
You must include source reference citations in-text and a reference list of complete citations, in support of your essay. Failure to include references will result in loss of points. FACTS: Kadie,...
-
Explain why a just-in-time delivery system would require a supplier to pay attention to quality control. Give an example to illustrate your points.
-
Briefly explain whether each of the following is (1) a discretionary fiscal policy, (2) an automatic stabilizer, or (3) not a fiscal policy. a. Government spending on rebuilding highways b. Sales and...
-
Most of the programs that we think of as automatic stabilizers did not exist in 1929. How might the existence of automatic stabilizers have affected the severity of the Great Depression?
-
Lanny is an owner of the Chasteen Partnership. He sells land to the partnership for $40,000 for which he had paid $52,000. Discuss the treatment of the sale under the following assumptions: a. Lanny...
-
Key in a search with the prompt projects in in which you select a country of interest (e.g., projects in Finland). Many of the projects generated by such a search are government-sponsored...
-
Discuss and provide some examples of how a project manager can transfer risk on a project. Are there any drawbacks to this response?
-
Go to www.infogoal.com/pmc/pmcart.htm and examine some of the archived articles and white papers on project planning and scheduling. Select one article and synthesize the main points. What are the...
-
You are a project manager and two of your team members are refusing to collaborate on a critical work package. What method of conflict resolution would you use? Why?
-
Net Present Value. Your organization must decide on whether to accept a project that has been requested by the research and development department. The initial investment is $350,000. The team has...
-
What geometric or physical interpretations do cross products have? Give examples.
-
A firm has the following balance sheet: Assets Cash Accounts receivable Inventory Plant and equipment $ 15,000 150,000 92,000 170,000 $427,000 Liabilities and Equity Accounts payable Long-term debt...
-
What backs the money supply in the United States? What determines the value (domestic purchasing power) of money? How does the purchasing power of money relate to the price level? Who in the United...
-
Suppose the price level and value of the dollar in year 1 are 1 and $1, respectively. If the price level rises to 1.25 in year 2, what is the new value of the dollar? If, instead, the price level...
-
Suppose the price level and value of the dollar in year 1 are 1 and $1, respectively. If the price level rises to 1.25 in year 2, what is the new value of the dollar? If, instead, the price level...
-
Organizational behavior Define organizational culture, and discuss the competing values cultural framework. Explain the importance of a fit between individual values and organizational culture. (250...
-
Last year, NYU ran their analytics report and discovered that 100% of student registrations were completed both online and offline, 25% of students' registrations was completed through an email...
-
what impact do you think this acquisition will have on Microsoft organizational culture? On LinkedIn's organizational culture?
Study smarter with the SolutionInn App