If Says law holds, should the government try to smooth the effects of a boom and bust?
Question:
If Say’s law holds, should the government try to smooth the effects of a boom and bust? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Says law suggests that the economy will eventually selfcorrect and return to full employment even if there are temporary fluctuations in demand This s...View the full answer
Answered By
Keziah Thiga
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagirism), well-researched and critically analyzed papers.
4.90+
1504+ Reviews
2898+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
Why is inflation both good and bad? How does the government try to control it?
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
IST 8100 Supplemental Cases Inside Microsoft During last fall's United Way campaign at Microsoft, two vice-presidents made a wager on whose division would generate the most contributions. The loser,...
-
John Hasty opened his bakery on March 1, 1999. The following transactions took place in early March: 1. Deposited $10,000 into a checking account in the name of the Hasty Bakery. 2. Leased a small...
-
Chavez Corporation purchased a truck with a price of $60,000. Chavez signed a 6-month note for the purchase, subject to a 2% cash discount if paid in 60 days. Prepare the journal entry to record the...
-
For a series RL circuit, it can be shown that the rms (I.E., effective value) of the asymmetrical fault current is given by the following equation where = f t is time in cycles X = L/ = 2 f L is...
-
Hydrogen bromide is produced by the following reaction: \[ \frac{1}{2} \mathrm{H}_{2}(\mathrm{~g})+\frac{1}{2} \mathrm{Br}_{2}(\mathrm{~g}) ightarrow \mathrm{HBr}(\mathrm{g}) \] The equilibrium...
-
Top managers of CC Oliver Products, Inc., have asked for your help in comparing the companys profit performance and financial position with the average for the industry. The accountant has given you...
-
Cricket's Indian Premier League (IPL) uses an English auction to assign players to teams each year. In an English auction, the teams publicly announce their successive higher bids until no higher bid...
-
The Ace Trucking Company must determine the number of drivers and trucks to have available on a weekly basis. The standard schedule is to send drivers over the pickup and delivery route on Monday and...
-
Did cycles of boom and bust exist under feudalism? Why or why not?
-
How do these cycles violate Says law? What would a conservative economist say about how the economy readjusts? Why?
-
Let , g, h be differentiable functions. Show that ( gh)'(x) is equal to Write gh as (gh). f'(x)g(x)h(x) + f(x)g'(x)h(x) + f(x)g(x)h'(x)
-
The town of Welston borrows $5,000,000 at 7% c.s.a. interest payable semi-annually, full principal due and payable in 10 years. A sinking fund is set up with semi-annual deposits made estimated to...
-
You own $12,000. The dollar rate in Tokyo is 216.9813/$. The yen rate in New York is given in the following table: Selling Quotes for Foreign Currencies in New York Country-Currency Japan-yen...
-
Explore the reasons organizations need to raise funds in order to grow Examine the advantages and disadvantages of debt and equity funding Develop funding strategies that maximize growth and create...
-
What are the most important values a leader should demonstrate? How are those values demonstrated in remote teams? As you saw in the video remote leadership was being used even before the pandemic....
-
A forward contract with 8 months to maturity is written on an underlying share. Themarket price of the share is $34, and it is expected to pay dividends of $1.40 after 2months and $2 immediately...
-
Why is the change in the balance of accounts receivable included in the SCF?
-
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
-
What effect does intra period tax allocation have on reported net income?
-
Letterman Company computed earnings per share as follows. Net income Common shares outstanding at year-end Letterman has a simple capital structure. What possible errors might the company have made...
-
Maria Shriver Corporation reported 2004 earnings per share of $7.21. In 2005, Maria Shriver reported earnings per share as follows. On income before extraordinary item $6.40 On extraordinary item...
-
Using the Five Dysfunctions of a Team Model, what will be your new vision and emphasis for the organization and how will you communicate it? What will be your immediate and short-term strategy for...
-
What positive outcomes could result from implementing job enlargement, job rotation, and job enrichment in an organization with which you are familiar? What objections or obstacles might be...
-
Explain why organizational change is creative process, and rational? List and describe the 6 different change managers Identify internal organizational factors that trigger change Explain the value...
Study smarter with the SolutionInn App