If the economy was in a recessionary gap, in order to return to RGDP NR , the
Question:
If the economy was in a recessionary gap, in order to return to RGDPNR, the government could ______.
a. Decrease taxes and increase government purchases
b. Increase taxes and increase government purchases
c. Decrease taxes and decrease government purchases
d. Do all of these
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
a Decrease...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
If the economy was in recession, what monetary policies might the Fed employ?
-
What do all of these different thinkers have in common in terms of their political thought? (hint: look at the section titled The Hundred Schools)
-
The economy is in a recession, and the recessionary gap is large. a. Describe the discretionary and automatic fiscal policy actions that might occur. b. Describe a discretionary fiscal stimulation...
-
You make a one-time investment of $400 and leave it for 5 years, earning an annual interest rate of 7%. How much interest will you have earned after 5 years? If you leave the entire amount in your...
-
The discharge of industrial wastewater into rivers affects water quality. To assess the effect of a particular power plant on water quality, 24 water specimens were taken 16 km upstream and 4 km...
-
The concerns about the impact of technology on our lives are growing. There have been recent research reports about the negative impact of digital technology usage on stress, work productivity,...
-
The expression for the capacitance of a parallel-plate capacitor that has plates of area \(A\) separated by a distance \(d\) is given in Example 26. 2. (a) Show that the expression for a spherical...
-
Country Textiles, which has fixed operating costs of $300,000 and variable operating costs equal to 40% of sales, has made the following three sales estimates, with their probabilities noted. Sales...
-
Assume a hypothetical age that has not been assumed by other students. Assume you would like to invest in a zero-coupon bond in order to have $1000,000 in your retirement account when you get to the...
-
The government sometimes uses fiscal policy to ______. a. Control the money supply b. Stimulate the economy during a contraction c. Curb a potentially inflationary expansion d. Both stimulate the...
-
Why has long-term inflation been called always and everywhere a monetary phenomenon?
-
The following purchase transactions occurred during May for Amy's Catering Service: May 11. Purchased party supplies for $420, on account from Party Zone Supplies Inc. 19. Purchased party supplies...
-
Leonard Enterprises experienced the following events during Year 2: 1. Acquired $25,000 cash from the issue of common stock. 2. Paid $25,000 cash to purchase land. 3. Borrowed $10,000 cash. 4....
-
2. Write a sketch in Arduino with two functions; the first function-1 find the value "y" in the equation: y = x - 30. The value "x" is entered by keyboard. The second function-2 test whether the...
-
From your own experience, think about a change situation that you have recently gone through. (Can be work or non-work related) What was your reaction? Was it positive or negative? How were some of...
-
Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare the Financial Statements: The Income Statement should be a Multi-step Income Statement The Balance...
-
a. Write a for loop that would result from this flowchart. (3) Start i = 3 i < 21 false End true i i+=9
-
In the system shown in Figure, a component such as a valve has been inserted between the two lengths of pipe. Assume that turbulent flow exists throughout the system. Use the resistance relation...
-
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175
-
In an opinion column in the New York Times, economists Luigi Zingales and Guy Rolnik of the University of Chicago write, Google has about a 90 percent market share in searches, while Facebook has a...
-
An opinion column in the New York Times by Donald J. Boudreaux of George Mason University is titled Trade Is Not a Job Killer. In the column, Boudreaux notes that work by MIT economist David Autor...
-
An opinion column in the Wall Street Journal states that countries benefit . . . by trading similar products because of the great value consumers place on variety. To benefit from international...
-
1. An entity had cash and share capital of $12,000,000 On January 1, 2020. At that date, the entity had no other asset, liability, or equity balances. On January 5, 2020, it purchased for cash...
-
How do demographic and ethical factors ( types of environmental factors) impact the business, whether positively or negatively at Microsoft corporation. ?
-
Identify some of the issues that may make prosecuting Human Trafficking crimes problematic.?
Study smarter with the SolutionInn App