Explain the Keynesians' objections to fixed rules for fiscal policy, such as a constitutional amendment that would
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
In the Keynesian view fiscal policy is one tool that can be used to control the level of aggregate ...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The Keynesians challenge the Freidman-Schwartz monetarists' monetary policy cure for the Great Depression. Use the aggregate demand and supply model to explain the Keynesian view?
-
Would a constitutional amendment that would require the federal government to balance its budget (incur no deficits) be desirable? Explain.
-
Some economists who accept the public-choice view of the fiscal policy-making process have concluded that a constitutional amendment to mandate a balanced federal budget would be desirable. Summarize...
-
Clark had brain surgery. Insurance will not pay for the surgery until the deductible of $1,000 is hit. Then Clark's coinsurance of 80% / 20% kicks in. Clark has an out-of-pocket maximum of $7,500....
-
The worksheet for Olympic Company shows the following in the financial statement columns. Dividends ......... $15,000 Common Stock ....... 70,000 Net income ......... 47,000 Prepare the closing...
-
Recently, Pfizer and Allergan-the makers of Viagra and Botox, respectively-initiated a $160 billion merger. Pharmaceutical companies tend to spend a greater percentage of sales on R&D activities than...
-
What are some of the limitations of the traditional HR metrics?
-
Imprudential, Inc., has an unfunded pension liability of $ 630 million that must be paid in 20 years. To assess the value of the firms stock, financial analysts want to discount this liability back...
-
You are just 25 years old and you have $50,000 in your retirement saving accounts. You expect to retire at the age of 65 (work for 40 more years) and expect to live for another 25 years after your...
-
The election of Donald Trump as the next president of the United States seems to have sealed the fate of the Trans-Pacific Partnership. The president-elect has promised to withdraw the United States...
-
Suppose that, within the simple Keynesian model used in Section 4, the level of government spending (G) was 100, the level of investment spending (I) was 75, and consumption (C) was given by C = 25 +...
-
Return to the simple Keynesian model in Section 4. Suppose that: G is 700; I is 310; and C is given by C = 250 + 0.8YD Net Taxes (T) are given by the tax function T = -50 + 0.25Y Calculate...
-
In 2018, Lenny Traveler had adjusted gross income of \(\$ 32,000\) from investments in the U.S., while earning \(\$ 40,000\) from foreign sources. Lenny's potential U.S. tax liability is \(\$...
-
The figure below shows the 60F water flow rates from the branches of a main supply line. Find the total pressure drop (PAPE) for soldered copper pipe. The LAB = 70 ft, LBC = 160 ft, and LcD = 100 ft....
-
Two identical dipoles A and B are oriented on the x-axis as shown. Each dipole consists of two charges +q and-q (q> 0) whose center is a distance d from the origin, held apart by a rod of length...
-
Next year you expect the Bluth Company to pay a dividend of $3.50. You also expect the dividend to grow at 4% a year indefinitely, and you would require a 12% return to hold the stock. What is the...
-
James Birch is the principal owner of ABC Company, a medium-sized company that sells office equipment to an office supply company that operates in the Midwest. Recently, James received an anonymous...
-
To perform the selection of the suitable material for the required application, some examples may involve the use of composite materials. Please explain if applicable. Specific software can be used...
-
For a random sample of 575 randomly selected car batteries, it was found that their output had a mean of 12.2volts and a standard deviation of 1.4 volts. Notation. In Exercise, identify the notation...
-
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
-
Return to the example in the text of the two countries that produce random amounts of kiwi fruit and can trade claims on that fruit. Suppose the two countries also produce raspberries that spoil if...
-
Sometimes it is claimed that the international equality of real interest rates is the most accurate barometer of international financial integration. Do you agree? Why or why not?
-
If you look at data on the website of the Bureau of Economic Analysis, you will see that between the end of 2003 and the end of 2007, the net foreign debt of the United States rose by far less than...
-
Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 8th month. What is the present value, assuming a rate of 4%, compounded quarterly?
-
List and explain two management tools in the planning process and two measurable performance indicators. Explain in detail.
-
What does a high PE tell us about the value of the stock price (over or under valued)? What does a low PE tell us about the value of the stock price (over or under valued)? Be specific with your...
Study smarter with the SolutionInn App